Primeamerica Corp. (New)
Primerica Corp. (Old)
Shares: 1 share of Primerica Corp.
(new) per each share Primerica
Corp. (old) and $7.
Basis Allocation: Basis in Primerica
(new) received is same as old
Primerica (old), reduced by any
part of cash not taxed as gain.
Shares: 1.695 shares of Travelers Group
Inc per each share Solomon Inc. Cash
paid for fractions. Cash paid for
Basis Allocation: Previous basis in
Salomon Inc. Carries to new Travelers
Name Change: Upon Merger Name changed to Citigroup Inc.
2/26/1993 3 for 2 Stock Split
8/27/1993 4 for 3 Stock Split
5/24/1996 3 for 2 Stock Split
11/22/1996 4 for 3 Stock Split
11/19/1997 3 for 2 Stock Split
5/28/1999 3 for 2 Stock Split
8/25/2000 4 for 3 Stock Split
Shares:2.5 shares of Citigroup per
each share Citicorp Inc. Cash paid
for fractional shares. Travelers
stockholders maintained their
shares of Travelers Group stock
under the Citigroup name.
Basis Allocation: Basis in Citigroup
Inc. becomes basis in Citicorp less
adjustments for sale of fractional
Associates First Capital Corp.
Shares: 0.7334 shares of Citigroup Inc per each share Associates First Capital corp. and $7. Cash paid for fractions
Basis Allocation: Basis in Citigroup Inc. received is same as previous basis in Associates First Capital.
Travelers Property Casualty Corp.
This chart will give you a good visual overview of Citigroup Inc stock splits,name changes,mergers and spin-offs. Included is the original Primeamerica Corp (old) merger into Primeamerica Corp. (new), the merger with Salomon Inc., the name Merger with Travelers and name change to Citigroup Inc., the merger with Associates First Capital Corp and the merger with Associates First Capital Corp.
Here is a flowchart to help you determine Citigroup Inc. cost basis.
Spin-Off - Citigroup shareholders
received.0.0432043 shares of
Travelers class A common and
0.887656 shares of Travelers Class B
common stock for each outstanding
share of Citigroup common stock. Cash
paid for fractional shares.
Citigroup Common: 93.63%
Travelers Property Casualty Class A
Travelers Property Casualty Class B