Adding stocks in PP after spinoff

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1

Hello,
After a company spinoff, I received some stocks in my account and my purchase price for them is actually 0.
How can I add them to my PortfolioPerformance portfolio?

Thanks in advance.

2

Dear rpenchev ,

there are long threads here in the forum on that, unfortunately all are in German.

Yes, of course can you add the shres to PP

In short:

  • The shares are not for free
  • all shares have a price, even thought they appear to you being for free
  • a typical scenario is that the mother company pays a dividend (which you do not see or get physically)
  • The dividend is used to purchase stocks of the span of company

However, it depends on how the transaction is handled individually by your broker or the mother company

3

Thanks, Harry_Hirsch.
So the advice is to add a dividend first and then to “buy” the stocks? But this will reflect on the Payment statistics…
Can you please send me a link to the forum thread, I will try to translate it from German.
Thanks.

4

This one is quite recent