IPL.UN has turned into a Corporation

9 Sep

On September 3, 2013, Inter Pipeline Fund has successfully converted from a unit trust to a corporation.  They changed their ticker symbol from IPL.UN to IPL.

Through this conversion, my average price is skewed as they “received” my 435 shares @ $24.458 as of September 3, 2013 in my Questrade RRSP account.  That is not my average cost, so I have to go back into my account history and dig up my original purchase price plus all the DRIP shares I’ve accumulated since February 2013 to calculate my average cost.  What a pain in the arse!

January 23, 2012:
429 @ $18.0033 = $7,723.45

DRIP shares from Feb-Aug/2013:
6 @ $23.6817 = $142.09

Total Average Cost:  435 @ $18.0817= $7,865.54

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