On November 13, 2014, Cash America International (CSH), distributed shares of Enova International (ENVA), to the holders of record of Cash America common stock as of 5:00 p.m. Eastern Standard Time on November 3, 2014.
In the Distribution, Cash America Shareholders of record received 0.915 shares of Enova
common stock for every one share of Cash America common stock held as of 5:00 p.m. Eastern
Standard Time on November 3, 2014.
This is a standard spinoff. For general infomarion about entering spinoffs, see FAQ 54: https://www.iclub.com/faq/Home/Article?id=54
The following information is taken from the Shareholder Tax Basis letter which was posted in the Investor Relations area of the Cash America site.
The number of shares of the new company: Multiply the number of shares of CSH that the club had by .915 to find the shares of ENVA you will want to enter. The broker statement will usually only show the whole shares that the club received, but if you received cash as part of the transaction, our accounting system needs you to enter both whole and fractional shares as part of the spinoff.
The Remaining Basis of the parent company: The Remaining Basis is 50.05
While it is possible to use the price per share for CSH, we strongly suggest to use the remaining basis instead; this determines how much of the cost basis is transferred from CSH over to ENVA.
The price per share of Halyard Health: Based on the information in the write-up, we suggest to use 21.83 (This is the price per share used in the example when determining the cost basis allocation). If your broker shows a different figure, we suggest to use that instead.