How to handle the IBM (IBM.NYSE) and Kyndryl (KD.NYSE) spin-off

Hi Sharesight community,

Does anyone have any insights on what the Kyndryl spin- off means?

How do holders of IBM shares get officially notified?

What changes do we make to how our portfolio is displayed In ShareSight?

Anything else to be aware of?

Thanks !

Hi @sarah welcome to the community! :wave:

It looks like you receive 1 share of the new Kyndrl stock (KD.NYSE) per 5 shares of IBM (IBM.NYSE) common stock that you held on October 25th for the issue date of the 3rd of November.

All you’ll need to do for this one in Sharesight is manually add an opening balance trade for KD.NYSE for the units you acquired and enter in the cost base as it shows in your broker.

Let me know if you have any questions :grinning:

Excellent - thanks for the quick and clear response Jack!