Ira,

One final time over this 5% stock dividend for HNBC. And yes
we do have a valuation between 9/2 and 9/15. Equally
important I have a full withdrawal to do based on the club
valuation and Sept. 9's closing prices.

So here goes....

I should enter the full 5% stock dividend on 9/2 -- even
though the brokerage lists only 3 shares on that date (5% of
70 shares being 73.5). So my valuation between 9/2 and 9/15
has us with 73.5 shares of HNBC. Now comes 9/15 and I look
at my brokerage account and it has two transactions that say
the folllowing:

1) a stock dividend of $13.30 in the form of cash with the
words "REC 8/31 /05 PAY 9.15.05"; and

2) under "other" the amount of $11.11 "cash in lieu of .5000
shares" then "REC 9/1/05 PAY 9/15/05"

It looks like we have a loss on the 1/2 share of HNBC
because of a price drop in HNBC from 9/2 to 9/15.

So how do I enter this entry correctly in bivio?

Thanks again

Kevin Gillogly

-----------------

IraS1@aol.com wrote:
> My recommendation would be to enter the full dividend (3.5 shares) on 9/2.
> On 9/15 (or whenever the cash-in-lieu is actually credited to your account),
> enter a sale of 0.5 shares for the cash-in-lieu amount. This will allow your
> club to generate the correct valuation statement should you have a valuation
> date between 9/2 and 9/15.
> �
> Ira Smilovitz
> �
> In a message dated 9/14/2005 11:04:59 P.M. Eastern Daylight Time,
> kpg625@bivio.com writes:
> IraS1@aol.com wrote:
> > It may take several days for the cash-in-lieu to appear in your account.
>
> That is exactly what happened. The Record date is Sept. 1.
> On Sept. 2 we received 3 shares (instead of 3.5 shares to
> more accurately reflect the 5% stock dividend). The Payment
> date is Sept. 15. In writing to our broker, they indicated
> that the cash will come on Sept. 15.
> So should I record the 3 shares on Sept. 2 and the
> fractional cash on Sept. 15?
>
> How should I do this in bivio?

Kevin,

I think when Ira told you to record the stock split as of 9/2 that he
didn't know that was not the payment date, merely the date of record for
those receiving the split. The solution is quite simple. Enter the stock
split as of 9/15 and enter the 11.11 as cash in lieu of fractional
shares on the same entry form. You will enter the cash dividend of 13.30
separately, as of 9/15 also.

This will keep your records in agreement with the broker statement.
Don't worry about the valuation and withdrawal, as all of the above
transactions will be reflected in the market price of the stock for all
interim dates between 9/2 and 9/15

Rip West
Saint Paul, MN