The old BAM distribution happened before opening of trading on Monday Dec 12th.
For every share of old BAM, an investor should have 1 share of BN and 0.25 shares of new BAM.
My account in TDA shows the new BAM shares, which I can trade. But the BN shares are shown with a symbol 112585104 and my position cannot be traded.
TDA customer rep said they have not yet received the new BN shares and usually it takes a couple of business days for that to happen. Until then I cannot trade my BN position.
I see quotes available for BN in TDA’s trading platform and several million shares traded. I find it odd that TDA does not have the BN shares available in their customers holdings.
Have you received your BN distribution yet and is it available for trading?
Does the distribution practice vary by brokerage?