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Started By
Message
re: Unclaimed Funds Question?
Posted on 1/14/15 at 3:58 pm to yankeeundercover
Posted on 1/14/15 at 3:58 pm to yankeeundercover
You had 7 shares.
August of 1987 they did a 5:4 split. Now have 8.75 shs. I can't find where they paid cash for fractional shares.
Sept of 1991 they did a 8% stock dividend. So you now have 9.45 shs. They also did a fractional sh purchase @ 6.44 a share, so .45 x 6.44 = $2.90 cash. You now have 9 shs.
Dec of 1996 they did a 3:2 split. So you now have 13.5 shs. They did a fractional sh purchase @ 12.125/sh. .5 sh x 12.125 = $6.06 cash. You now have 13 shs.
Tender offer for all shares in Jan 2001 @ 18 a share. This would get you 13 x 18 = $234.
So, total, over time, you should have rec'd 2.98 + 6.06 + 234 = $243.04.
This is assuming the issuer sent cash to the treasury for all of those events.
You need to contact treasury and figure out exactly what it is they have.
August of 1987 they did a 5:4 split. Now have 8.75 shs. I can't find where they paid cash for fractional shares.
Sept of 1991 they did a 8% stock dividend. So you now have 9.45 shs. They also did a fractional sh purchase @ 6.44 a share, so .45 x 6.44 = $2.90 cash. You now have 9 shs.
Dec of 1996 they did a 3:2 split. So you now have 13.5 shs. They did a fractional sh purchase @ 12.125/sh. .5 sh x 12.125 = $6.06 cash. You now have 13 shs.
Tender offer for all shares in Jan 2001 @ 18 a share. This would get you 13 x 18 = $234.
So, total, over time, you should have rec'd 2.98 + 6.06 + 234 = $243.04.
This is assuming the issuer sent cash to the treasury for all of those events.
You need to contact treasury and figure out exactly what it is they have.
1
Posted on 1/14/15 at 4:13 pm to LSUFanHouston
quote:
LSUFanHouston
I called my mother and she said she thinks she has some paperwork regarding this issue... is it possible that she has more shares and somehow only 7 of those shares found their way into the hands of the state?
Either way, however many shares I'm owed... they're worth ~$18 each... did I follow that correctly?
I appreciate all your help as my finance guy is studying abroad in Chile for the next three months and effectively out of pocket.
Thanks!
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