Loblaw (L:CN) Spin-Off Handling

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1

Hi Marco,
Loblaw (L:CN) just had its spin-off go live today. The stock fell -20% but I don’t see in my portfolio anything so far. Can you please tell me when that’s going to happen?

You wrote to Georg that spinoff are handled with a cash equivalent dividend representing the money I would receive if I sold the spinoff shares but I don’t see any of that.

Can you let me know when the cash equivalent will be received in the account for that stock? Thanks

2

It looks like the dividend posted over the weekend. Let us know if it wasn’t credited in your portfolio.

3

Hi Paul! It was credited twice, does it mean I have to manually delete one of them?

4

I think that the answer is yes, but let us do it so that we can try to see why it happened.

5

Ok I will wait for you to do it then, thanks!