08-20-2015, 11:03 PM
(08-20-2015, 09:48 PM)mikejody Wrote: Was it a 1-4 split, meaning 1 share of VTR now =4 shares? And what price were the CCP shares assigned to us at?
(08-20-2015, 09:32 PM)Roadmap2Retire Wrote: Im still waiting for mine to show up...still not in my account yet.
Dividends are not officially declared yet, but they will be: $0.73 /share quarterly for VTR and $0.57 /share quarterly for CCP.
http://phx.corporate-ir.net/phoenix.zhtm...ID=2080183
CCP's starting yield will be 6.45%.
I have just a handful of shares from the spinoff...I intend to add to the position.
The number of VTR shares wont change. They will remain the same.
For every 4 shares of VTR - 1 new share of CCP was issued.
VTR was trading at $68 before spin-off. On spin-off, VTR dropped to $60 and combining four of the $8 units of the newly formed CCP, the CCP shares should've started trading at $32. Its not showing up on Google Finance yet, but on Bloomberg its showing $35.48 as the stock price for CCP.