Markus · 2024-04-08T09:25:52.483692Z

Da ich sowohl $GLAD Gladstone Capital als auch $SOLV WI Solventum als 3M Spin Off in meinem Scalable Depot habe, habe ich heute bei Gettex nachgefragt, wann man mit einem Handel der neuen Aktien rechnen kann. Hier die Antwort: "für keine der beiden Aktien liegt eine Abwicklungsbestätigung durch den deutschen Zentralverwahrer Clearstream vor. Ohne gültige Abwicklungsbestätigung ist kein geordneter Börsenhandel möglich. Die Wiederaufnahme des Handels der Gladstone Capital oder die Einbeziehung der Solventum in den Handel sind unter diesen Umständen nicht möglich." Wenn SC es bei Solventum nicht hinbekommt, gibt es zur Not immer noch den Umweg über einen Depot-Transfer. Bei Gladstone bin ich mir nicht so sicher, weil ich noch die alte ISIN vor dem Reverse Split im Depot habe und nicht die neue. Weiß gar nicht, ob die alte Aktie überhaupt noch transferiert werden kann. Bei der ING hatte ich schon einmal einen "normalen" Aktiensplit, das ging aber ohne Probleme. So ein Reverse Split sollte doch auch keine Raketenwissenschaft sein. Ich werde mich jetzt einfach in Geduld üben. Ich kann mir aktuell auch noch nicht vorstellen, dass das Geld einfach irgendwann weg ist.

@_xempex_

9Mon·

Since I have both $GLAD Gladstone Capital and $SOLV WI (+0%) Solventum as a 3M spin off in my Scalable portfolio, I asked Gettex today when to expect the new shares to trade. Here is the answer:

"there is no settlement confirmation from the German central securities depository Clearstream for either share.

No orderly stock exchange trading is possible without a valid settlement confirmation.

The resumption of trading in Gladstone Capital or the inclusion of Solventum in trading is not possible under these circumstances."

If SC can't manage it with Solventum, there is always the detour via a securities account transfer. I'm not so sure about Gladstone because I still have the old ISIN in my securities account before the reverse split and not the new one. I don't even know whether the old share can still be transferred. I've already had a "normal" share split at ING, but that went without any problems. A reverse split shouldn't be rocket science either.

I'll just have to be patient now. At the moment, I can't imagine that the money will simply disappear at some point.

13 Comments

Ella Marie Waschbär@DividendenWaschbaer

9Mon

The problem with Gladstone is actually the new ISIN. A transfer of the old one is probably not possible and if it is, you still can't sell it.
The new ISIN is also up to clearstream. As soon as the new ISIN is entered, you could transfer it and then sell it.

At TR, for example, Solventum is registered, but it is not tradable and there is no price information. Nevertheless, I could transfer the share to another broker, where I could then sell it in New York, for example.

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Markus@_xempex_

9Mon

@DividendenWaschbaer at SC it looks identical at Solventum. It is booked in without a price and with the note that there are currently no prices. I'll just have to wait and see with GLAD. I don't want to sell them at all, but continue to hold them. I'm still confident that the new shares will come. It will just take some time. It's always a bit annoying in Germany and Europe that such things bring with them a rat's tail of uncertainty.

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Divids@Divids

9Mon

Gladstone Capital has been correctly booked at ING for a few minutes and is also tradable again via Munich. At 3M I am waiting for the new Solventum shares

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Markus@_xempex_

9Mon

@Divids good news. Then it's surely only a matter of time for SC and Gladstone. ^^

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Markus@_xempex_

9Mon

A brief update: the new GLAD shares have already been deposited when logging in via Baader Bank. The number of shares has been halved and the price doubled. It is not yet visible in the login via SC. But I have already read a few times that this can take longer.

And there are already prices for Solventum. So things are progressing slowly. ^^

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Smudo@Smudeo

9Mon

Hello Markus, when was the spinoff of Gladstone Capital, or when did you have to hold 3 M for them to be booked? I don't have them in my portfolio. @_xempex_ @DividendenWaschbaer or am I getting it wrong and you bought Gladstone that way?

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Markus@_xempex_

9Mon

@Smudeo At 3M, the record date was probably March 28, although news had previously been circulating with March 18 as the record date. Last week the Solventum shares were also booked in at Scalable, as I said without a price.
At Gladstone a reverse split 2:1 was announced on April 1, with effect on April 5. For every 2 old shares there is one new share, thus reducing the number of shares. This step was probably necessary for the way BDC operates.

I have also had stocks with splits in the past (Google, Berkshire), which generally went without any problems in the end, if I can remember correctly.

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Smudo@Smudeo

9Mon

@_xempex_ ahh thanks understood Gladstone is not nested with 3M. So it doesn't affect me. My other spinoffs GE, Ten cent, etc. are also in my portfolio. Mostly the amount below 1K is therefore not relevant for me to trade.

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Markus@_xempex_

9Mon

@Smudeo No, they are separate things. I just put them together because they both popped up at the same time. :D

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Daniel O.@Blueyy

9Mon

It can become difficult if clearstream locks up. This is the case with Russian ADRs. If clearstream as custodian does not allow a transfer here either, you cannot get away from SC

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Markus@_xempex_

9Mon

@Blueyy That's true. But let's not paint the devil on the wall. At Gladstone Capital, only the ISIN is changing, not the company itself. And Solventum as part of 3M should not be blocked for political reasons. :)

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Daniel O.@Blueyy

9Mon

@_xempex_ also thought more about the missing settlement confirmation, but I don't know what problem that could lead to

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Daniel@DB2310

9Mon

Same with TR

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