RE:ACB treatment of the Special dividend
kraftdinner wrote: Anyone know how the shares recieved from the special dividend will effect the average cost base?
It should lower yours as your share count will rise with no added costs.
I have 1474 shares at a cost of $18,853.89 for an Average Cost Basis of about $12.79
I estimate to get either 76 or 74 shares (we will use 76 cause it's a cleaner number)
1474 + 76 = 1550
18,853.89 / 1550 = $12.16ish
This is how the last special stock dividend appeared in my account:
| MCAN MORTGAGE CORP STK DIV ON 1149 SHS REC 03/15/21 PAY 03/31/21 | MKP | Mar. 31, 2021 | Mar. 31, 2021 | CAD | EXCHADJ | 56 | 0.000 | 0.00 |