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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: One more quick q. Date: 3/2/2009 6:06 PM
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What can you make of the below direct quote from Fairmark, though, in figuring a "split holding period." What date exactly of a holding period would the 37/100th fall on?

What I make of it is that someone is making it more difficult than necessary.

"It's possible you will end up holding a fractional share that has a split holding period. For example, the plan may credit your account with 8.22 shares for the March dividend, and 7.15 shares for the June dividend. You would then own 8 shares with a holding period beginning in March, 7 shares with a holding period beginning in June, and a fractional share (37/100 of a share) with a holding period that is split between those two dates."

The 37/100 is just the total of the two fractional shares. But that's not at all important.

What you've got in that description is 8.22 shares purchased in March and 7.15 shares purchased in June. Easy peasy.

You will never really care about or need to add up the two fractional portions (.22 shares and .15 shares) separately from the rest of the shares purchased at the same time. I have no idea why they are doing that.

--Peter <== who generally has a lot of respect for the information at Fairmark, but thinks they blew it on this one.
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