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    kanight's Avatar
    kanight Posts: 2, Reputation: 1
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    #1

    Feb 4, 2011, 08:22 AM
    Me and the citigroup reverse split
    If I have citigroup stocks and everyone is talking about a reverse split by June, would it be smart to sell now or will this reverse split profit me?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 7, 2011, 11:00 AM

    The reverse split by itself will neither profit you nor cost you anything. The only complication from it is that you may receive cash in lieue of fractional shares of the new stock, which you will report next year on your taxes as a sale of a few of your original shares.
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