04/13/2022 – AT&T, Inc. (T)

Attention, those of you who own AT&T, Inc. (T): Owners of T have received shares of the newly created spin-off Warner Bros. Discovery (WBD). Specifically, owners of T have received 0.241917 shares of WBD for every share of T that was owned on the date of record, 4/8/2022. Concurrent with this, the stock price of T has been lowered and …

04/13/2022 – Discovery, Inc. (DISCA)

Attention, those of you who own Discovery, Inc. (DISCA): DISCA has undergone a name and symbol change to Warner Bros. Discovery, Inc. (WBD). All outstanding shares of DISCA have been replaced with shares of WBD, and all outstanding DISCA options have been replaced with corresponding WBD options. Lattco users will need to update your worksheets to reflect this change at …

1/18/2023 UPDATE – VanEck Russia ETF (RSX)

The VanEck Russian ETF, RSX, is being liquated. (Read More) This means the fund manager, VanEck, is liquidating the stocks within the fund. Fund holders will receive cash distributions until no assets remain, and the fund is closed. The first distribution was issued on 1/12/2023. Unfortunately, due to the on-going war in Ukraine and sanctions on the Russian economy, the …

03/16/2022 – HollyFrontier Corporation (HFC)

Attention, those of you who own HollyFrontier Corporation (HFC): HFC has undergone a name and symbol change to HF Sinclair Corporation (DINO). All outstanding shares of HFC have been replaced with shares of DINO, and all outstanding HFC options have been replaced with corresponding DINO options. Lattco users will need to update your worksheets to reflect this change at your …

03/16/2022 – VanEck Vectors Oil Services ETF (OIH)

Attention, those of you who own VanEck Vectors Oil Services ETF (OIH): OIH previously underwent a 1-for-20 reverse split in April of 2020. We issued a position alert on that action, which you can read here. As a result of the reverse split, Lattco users who owned OIH at that time were left with a position that had a low …

03/16/2022 – SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

Attention, those of you who own SPDR S&P Oil & Gas Exploration & Production ETF (XOP): XOP previously underwent a 1-for-4 reverse split in March 2020. You can read more about the reverse split here. As a result of the reverse split, Lattco users who owned XOP at that time were left with a position that had a low purchase …

02/21/2022 – Xilinx, Inc. (XLNX)

Attention, those of you who own Xilinx, Inc. (XLNX): XLNX has been acquired by Advanced Micro Devices, Inc. (AMD). The acquisition was concluded on 2/14/2022 and includes an exchange of 1.7234 shares of AMD for every outstanding share of XLNX. Because of this acquisition, you should sell your shares of AMD and transmogrify if necessary. When selling your AMD shares, …

01/18/2022 – Activision Blizzard, Inc. (ATVI)

Attention, those of you who own Activision Blizzard, Inc. (ATVI): ATVI is the target of an acquisition by Microsoft. The proposed buyout includes a payment of $95 per share for each outstanding share of ATVI. Because of this proposed acquisition, you should sell your shares of ATVI and transmogrify on Trade Day, if necessary. If the average cost of your …

01/14/2022 – TeeKay LNG Partners L.P. (TGP)

Attention, those of you who own TeeKay LNG Partners L.P. (TGP): TGP has been acquired by Stonepeak. The acquisition includes a payment of $17 per share for every outstanding share of TGP. You should have already received a cash payment for your shares of TGP equal to your quantity of shares owned of TGP multiplied by $17. Because of this …

06/14/2021 – Nabors Industries LTD. (NBR)

Attention, those of you who own Nabors Industries LTD. (NBR): NBR has announced a distribution of warrants to current owners of NBR stock. Stockholders of record as of June 4, 2021, will receive 0.4 warrants for every 1 share of NBR owned. The distribution of the warrants is expected to be completed by June 11, 2021. To illustrate how this …