REf: System number: (87866825)
Dear Matthew,
There has been a corporate action in Timken Company (Symbol: TKR) - please see below the related article. Timken shareholders of record as of June 23, 2014 receive one share of TimkenSteel common stock (TMST) for every two shares of Timken stock. This corporate action is not reflected to My System and as a result it looks like TKR position has lost 30% and the System’s return statistics are not correct. Can you please correct this? The model should also have a position in TMST (19 shares).
And going forward, can you please address the issue of handling corporate actions such as this?
Best regards.
KE
Related Article:
Source: Yahoo
TimkenSteel Corporation (NYSE: TMST,timkensteel.com), a leader in customized alloy steel products and services, today announced the completion of its spinoff from The Timken Company. Timken shareholders of record as of June 23, 2014 receive one share of TimkenSteel common stock (TMST) for every two shares of Timken stock.
