On Thursday, the 147 shares of SBY I was expecting showed up in my account. By today, the shares of SBY had mysteriously vanished, only to be replaced by 147 TWO warrants expiring later this year. By the way, I own 3000 shares of TWO.
Anybody else have a similar experience with their ETRADE account???
This is in reference to the spinoff of Silver Bay Realty Corp
(Symbol: SBY) from underlying security Two Harbors Investment Corp
Currently your account reflects an incorrect security, WTS TWO
HARBORS INVESTMENT (Symbol: TWOWS).
The correct security should be Silver Bay Realty Corp (Symbol: SBY).
We are working to correct this matter as quickly as possible. We
anticipate your account to be corrected prior to market open Monday
April, 1 2013. We apologize for this inconvenience.