The Corporate Action Wizard helps to facilitate the creation of transactions when a spin-off, merger, or split occurs. This feature can be accessed from the import area of the system.
Click Import from the main toolbar to open the import screen. From either the Import Sources grid, or the import blotters, click Corporate Action Warehouse from the top menu.
Morningstar Office stores information for many spin-offs and mergers in the Corporate Action Warehouse. If your spin-off or merger is listed, you can use the information provided by Morningstar to generate the transactions.
If your spin-off or merger is not available in Office, or if you choose to manually enter the information for that corporate action, select Corporate Action Wizard from the top menu and the Select a wizard to run dialog opens.
Select Spin-off Wizard, Merger/Exchange Wizard, or Split/Reverse Split Wizard from the option screen on the left.
Click OK to open the corresponding wizard.
When importing, corporate action transactions are often flagged and located at the top of the Transactions blotter. You won’t need to use these transactions, since they will be re-created and accounted for by the selected wizard. Before you use the wizard, you should export transactions pertaining to the corporate action to an Excel spreadsheet for reference later, and then delete those transactions. Note: If you already posted the transactions to your clients' accounts, export them to an Excel spreadsheet from the client's accounts, and then delete them from there.
If the corporate action transactions have not been posted, use the Custodian drop-down menu to select the import custodian, and then click the Retrieve Transactions button to view the blotter housing the transactions.
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