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Message
Help with Mutual Fund Statement
Posted on 4/29/10 at 12:55 pm
Posted on 4/29/10 at 12:55 pm
Been meaning to ask this for awhile. Looking at my "position details"
Trade Date: 12/22/2009
Settlement Date: 12/22/2009
Transaction Type: Div Reinvest
Event Quantity: 2.9990
Event Cost: $59.44
Event Proceeds: $0.00
Position Quantity: 257.0210 (up from 254.0220 last year)
Position Cost: $x (up $59.44 from last year)
Position Cost/Share:$x (down 8 cents from last year)
Type: Cash
Did they pay me in discounted stock, which lowered my cost/share? Is this common?
Trade Date: 12/22/2009
Settlement Date: 12/22/2009
Transaction Type: Div Reinvest
Event Quantity: 2.9990
Event Cost: $59.44
Event Proceeds: $0.00
Position Quantity: 257.0210 (up from 254.0220 last year)
Position Cost: $x (up $59.44 from last year)
Position Cost/Share:$x (down 8 cents from last year)
Type: Cash
Did they pay me in discounted stock, which lowered my cost/share? Is this common?
1
Posted on 4/29/10 at 4:19 pm to link
They reinvested your dividend. Usually done at the close of that day if it's a regular mutual fund. I don't know where you get the discount price at from that info.. I guess we need more info.
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