12-31-2016, 10:54 AM
Okay, unless I'm misunderstanding this it looks like CAH has decided to retire odd lot shares, basically, anyone who owns less then 99 shares. If the investor owns 100 shares or more your investment will not be affected. The investors option is to sell/retire any odd lot or buy to equate at least 100 shares, price is presently undetermined for the buy/sell orders. Apparently, shareholders have until 1/26/17 (cutoff date) to react one way or the other.
CAH is a fairly new holding of mine and I invest for the long term. I'm a small time investor that invests in quarter increments in order to reach a full position. Presently, I own 45 shares, an odd lot, in my Traditional IRA, well, I didn't plan on selling these shares so it looks like a portion of my 2017 contributions will be forced into buying additional shares.
On Tuesday I'm going to call Fidelity to find out if Odd Lot shareholders are actually forced to buy or sell OR if the investor has the option of doing nothing. I never encountered this before.
CAH is a fairly new holding of mine and I invest for the long term. I'm a small time investor that invests in quarter increments in order to reach a full position. Presently, I own 45 shares, an odd lot, in my Traditional IRA, well, I didn't plan on selling these shares so it looks like a portion of my 2017 contributions will be forced into buying additional shares.
On Tuesday I'm going to call Fidelity to find out if Odd Lot shareholders are actually forced to buy or sell OR if the investor has the option of doing nothing. I never encountered this before.