Liquidation
Liquidation corporate action is used to remove the company's positions from portfolios and (optionally) pay out cash. The cash can be distributed to the shareholders in the order of priority.
To run a liquidation:
Create a corporate action (New → Corporate action → Other):
- Corporate action type*
Enter "Liquidation" or another name to identify the corporate action type and search for the corporate action in the Corporate actions view.
- Security*
The liquidated security.
- Amount per share
The amount to pay out to the shareholders. Specify the amount per unit of the liquidated security.
- Transaction type
The transaction type for the transactions to be created. For liquidation,create a transaction type that is the same as Dividend (DIV) and has the Amount effect = "Reduce amount". Give it a descriptive name. For details about creating a transaction type, see Transaction types.
Run or schedule the corporate action for all portfolios that own the liquidated asset or for a selected group you created in Step 1.