Q: I'm trying to get my portfolio up to date on Quicken. Having a problem finding the value of SOBO as of the date of the spinoff.
Thank you.
J
Thank you.
J
5i Research Answer:
In terms of book cost, 91% of the former shares' book cost should be allocated to a TC Energy common share; and 9% to a South Bow common share. Closing date was October 1, 2024. First trade date was October 3 and shares closed at $29.07 that day. However, 'when issued' (WI) shares did trade prior to that day, and first trade for WI shares was September 25 and closed at $30.00.