NiSource (NI) Spinoff of Columbia Pipeline Group (CPGX) Common stock
On July 2nd, 2015, NiSource (NI) spun off their natural gas transmission pipeline business as Columbia Pipeline Group (CPGX).
Based on the information available from the NiSource investor relations site, this is a standard spinoff, which can be entered with the following information:
Date: July 2nd
Parent Security: NiSource (NI)
Remaining Basis: 35.9
While you can use the price per share of 16.99 for the day, we suggest to use Remaining basis instead, as it makes checking the change in cost basis easier.
New Security: Columbia Pipeline Group (CPGX)
New Security price per share: 30.34
Number of New shares: Same as the number of shares in NiSource.
Cash for fractional shares: Enter any cash received as part of this transaction