Our Club exercised the rights offered by ERICY for 120 units
for $ 50.40 plus a $25.00 transaction fee.
We cannot find a choice in the Investment sub-titles to use
to record the transaction.
Can anyone please help.

PETER K MUKASA-MAGOYE wrote:
> Our Club exercised the rights offered by ERICY for 120 units for
> $50.40 plus a $25.00 transaction fee.
 
If the rights were exercised by the club, you can record the
transaction as follows. First determine cost basis of the rights. Do
this by multiplying the total cost basis of the ERICY shares by
0.2128. For example if you owned 120 shares ERICY with a cost basis of
$400, then the rights' cost basis would be $85.12.
 
Record a "Return of Capital" transaction on the day before you
exercised the the rights for the amount above. On the day the rights
were exercised, record a buy of ERICY. The amount paid should be the
amount of the rights' cost basis, plus the amount paid to exercise the
rights. For example, if the rights had a $85.12 cost basis, and you
paid $50.40 to exercise, then record a buy for $135.52. Record the
transaction fee in the "Service Fee" field.
 
 
If, instead, your club received the rights, but sold them rather than
exercised them, then you would record the transaction as a spin-off to
ERICR, followed by a sale of the ERICR shares.
 
Paul Moeller
bivio Inc.