Hi all, what’s the best way to deal with the recent BAM stock split? Brookfield Corporation had a four-for-one stock split, where investors received one share of its asset management business, Brookfield Asset Management, for every four shares they currently own.
So my original entry for BAM earlier in the year was 116 shares and now I have 116 of Brookfield Corp and 29 of BAM.
Do a search for
stock split .
This isn’t a typical stock split though since there’s now two separate companies that I hold shares in?
Try Acknowledging free shares - #4 by Harry_Hirsch which suggests valuing the new security, issuing it as a dividend by the original security, then using the dividend to buy the new securities ensuring nothing is left over.
Hi everyone, and in particular @stewie , @flywire and (… sorry to chirlu, but as a new member I can only mention 2 users), but also to anyone who has run into this issue!
The main problem I find myself with is that the old BAM ISIN was CA1125851040, which is different from both the new BAM (ISIN CA1130041058) and BN (old BAM: new ISIN CA11271J1075).
So if I had 100 shares of the old BAM (ISIN CA1125851040), now I have 100 shares of BN (ISIN CA11271J1075) and 25 shares of the new BAM (ISIN CA1130041058).
Has anyone found a way to change the ISIN of the old BAM for that of BN without having to rewrite the entire history of movements (in my case 20 purchases)?