Permanently orphaned position in my strategy, SAI, due to merger
Author: LenMoz
Creation Date: 10/4/2013 3:33 PM
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LenMoz

#1
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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Cone

#2
We're looking at it.
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Cone

#3
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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Eugene

#4
QUOTE:
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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LenMoz

#5
Thanks - I didn't see news on this, either.