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A spin off is a corporate
action that occurs when a company distributes part of its assets to
form a new publicly traded company. When a spin off occurs stockholders of the
parent company receive shares of the new company in the form of a stock
dividend.
GainsKeeper monitors all mandatory corporate actions to U.S. equities, and
automatically adjusts each of your investments accordingly. In many cases a
corporate action, such as a spin off, will result in a new position or a change
to the cost basis of a security.
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