This is actually a big pain for logistical reasons but it's still a significant win financially speaking.
Part of my inheritance from my cousin was just over 3,200 shares of Exelon stock. I knew about that all along.
What I just discovered today when the mail came is that Exelon recently spun off a division and all shareholders were given stock in the new company, Constellation. Yes the value of the Exelon stuck dropped a bit when the separation occurred, but it didn't fall by anywhere near as much as what the new stock is worth.
At today's closing price, the new stock shares I now own are worth $48,700.
Part of my inheritance from my cousin was just over 3,200 shares of Exelon stock. I knew about that all along.
What I just discovered today when the mail came is that Exelon recently spun off a division and all shareholders were given stock in the new company, Constellation. Yes the value of the Exelon stuck dropped a bit when the separation occurred, but it didn't fall by anywhere near as much as what the new stock is worth.
At today's closing price, the new stock shares I now own are worth $48,700.
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