I would like to sell - but would like to know beforehand how much it will cost in terms of tax. I think there will be a loss - but how much? If the loss is still too high, I would wait and deposit a limit sale.
Or has anyone already sold and can say something about the tax? Do I have to pay tax on the entire sale proceeds?
Since the spin-off from 3M, I have 1 share of $SOLV WI (+0%) in my portfolio, but I can't really do much with the business model. They do everything to do with dental treatments at the dentist, which is actually lucrative. Did you keep the shares or did you sell them?
An (opinion & experience) update on the spin-off of $SOLV WI (+0%) Solventum and reverse split $GLAD (-1,87%) Gladstone Capital. The Solventum shares were tradable after about 3-4 weeks, the Glad shares within a few days and since yesterday savings plans are available again at SC.
What I will do for the next spin-offs and splits is to keep more calm. I could have saved myself all those posts and thoughts afterwards. Everything worked out without me having to do anything.
If such "complex" things work out, nobody will have to ask in future when their dividend from $BATS (-0,24%) will finally arrive. 🤣🤣
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.
How is the app supposed to know what you have with which broker? For example, some brokers actually post fractional amounts, while others post the fractional amounts as cash dividends. And if getquin then starts to only include the full ones, then it gets even more chaotic.
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.
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.
