SAI's last trading day was 9/27/2013, when it closed at $16.03. This was due to M&A activity of which I was unaware.
I have a position in SAI in my Sandbox S&P 500 strategy that has thus become forever orphaned.
Do you have any suggestions? I'm guessing that fixing this will need manual intervention.
Len
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We're looking at it.
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This is an complicated spinoff due to an odd lack of media disclosure of how to deal with the shares and dividends. We know owners of SAI get 1 share of SAIC for every 7 shares of SAI, but we couldn't find guidance on how the remaining equity is converted into LDOS shares (which also executed a 1:4 reverse split) and/or dividends,
Long story short, in this case we'll simply [retroactively] close SAI position(s) on the 9/27/2013 close at $16.03.
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Long story short, in this case we'll simply [retroactively] close SAI position(s) on the 9/27/2013 close at $16.03.
And as I has just been told, this has been done.
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Thanks - I didn't see news on this, either.
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