Merrill Edge reduced my SBL shares from 49 to 48 today, April 23, 2013. I am holding 1,000 shares of TWO. Are any of you seeing a reduction in your SBL shares? I had been expecting 49 SBL based on the TWO shares I am holding and that is what my account had been credited with until today.
The same thing happened in my Merrill Edge account. The reason is that while the press release said the conversion ratio is .049:1 the actual conversion is .048825853. So they originally gave you 49 based on the .049 and adjusted it based on the actual conversion ratio. I hope that helps.