TC Energy Corp T.TRP.PR.F

SOBO at 31.85 and TRP at $59.85

[DeanEdmonton]

Not sure how you guys that are complaing do your math, but that is higher than TRP was valued pre-split. No one knows if they will go up or down from here, so you have to buy, sell or hold based on what you expect, but so far, the asset split has been positive for those who were holding TRP when it happened.

[DeanEdmonton]

Typo, should be SOBO at 31.15 not 31.85, but the conclusion stays the same.

[nedstar71]

Current value of both would be $66.03.  I sold too early clearly, unless their horribly worded press releases  were factual and everone who owned on the record date of Sep 25 is getting SOBO shares.  Wouldn't make sense of course but if not then don't make false statements in press releases.  Almost cause for litigation imo.

[DeanEdmonton]

Nedstar - on the transaction Record in my RBC account this is what it says - DIS - SOUTH BOW CORP COM SPINOFF ON xxxxxx SHS FROM SEC# T031762 ***TC ENERGY CORP REC 09/25/24 PAY 10/01/24 So my guess is if you held the shares on the 25th, some SOBO shares should be coming your way. As I said before, mine showed in my accounts Oct 3rd. I have however not seen the cash payment for the partial share

[nedstar71]

That would be great but I just don't see how it's possible as it doesn't jive with the ex-dividend trading date when TRP dropped the 6 bucks.  But if so I basically sold my TRP for the equivalent of just under $70 which would he great.  I've personally never seen a spinout, special dividend, or anything as poorly communicated or convoluted as this one in my life. 

[Ariahp]

What does it show for cost....or is the entire amount showing as a capital Gain

[BSdetector2016]

Sum of the parts should be worth more than whole if they got things right. For me and many others SOBO shares are just virtual and therefore can neither be seen nor sold.