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Markus
@_xempex_
8Mes·

An (opinion & experience) update on the spin-off of $SOLV WI (+0,71%) Solventum and reverse split $GLAD (-0,69%) 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 (-0,26%) will finally arrive. 🤣🤣

immagine del profilo
Markus
@_xempex_
9Mes·

Since I have both $GLAD Gladstone Capital and $SOLV WI (+0,71%) 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.

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7 Commenti
immagine del profilo
Smudo@Smudeo
8Mes
I told you, the right broker who trades with foreign exchanges is all good 😙
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immagine del profilo
Markus@_xempex_
8Mes
@Smudeo You just can't have everything. I haven't yet found the jack of all trades. :)

So SC for the free savings plans on shares, but I have to be patient at events like this.

I still have my securities account with IB, where I can trade on umpteen exchanges and in the respective currency and, above all, write options. In return, I have the annual expense of filing my tax return there. There's always something. :D
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immagine del profilo
Smudo@Smudeo
8Mes
@_xempex_ S(T)eclaration? You can do KAP yourself, can't you?
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immagine del profilo
Markus@_xempex_
8Mes
@Smudeo Yes, I do it myself. But it's still a lot of work. With SC or ING, I have nothing to do. I pay my withholding tax and that's that.

It's different with IB. You don't pay any withholding tax at all, at most withholding tax on dividends. And then you have to pay tax on everything at the end of the year. It's also not always that easy, because IB doesn't correctly display the purchase prices for shares that are booked in via options. So it all comes down to manual work. And sending in a huge report every year. :D
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immagine del profilo
Oso@Oso
8Mes
@_xempex_ Hy, which broker is abbreviated as IB?
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immagine del profilo
Markus@_xempex_
8Mes
@Oso Interactive Brokers. either there directly or via one of the German Introducing Partners. E.g. estably, Captrader etc.
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immagine del profilo
Oso@Oso
8Mes
@_xempex_ great, thank you very much!
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