Payments made to investors who received fractional shares as a consequence of stock splits, corporate mergers and reorganizations. For instance, as a result of a merger, an investor is entitled to receive 17.25 shares. Since the company only issues whole shares, cash payment is made for the .25 share.
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Definition of cash in lieu (CIL): Payments made to investors who received fractional shares as a consequence of stock splits, corporate mergers and ...
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Cash In Lieu (CIL) : read the definition of Cash In Lieu (CIL) and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
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Cash In Lieu (CIL). Definition: [crh] In a typical exchange offer, "old" shares of the target company are exchanged for "new shares". << Go back.
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Compile the following data necessary to report a cash in lieu, CIL, transaction: year-end 1099-B form, original stock cost basis information and the date of ...
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CASH IN LIEU (CIL) - In a typical exchange offer, "old" shares of the target company are exchanged for ... CASH INSOLVENCY - Inability to pay obligations as ...
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Cash In Lieu (CIL). In a typical exchange offer, "old" shares of the target company are exchanged for "new shares". Want to thank TFD for its existence?
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Mar 2, 2012 ... In the case of fractional shares, there is also a small portion of the cost basis that may be paid out as "cash in lieu" (CIL) of fractional shares.