Ford Motor Company has spun-off to Common and Class B shareholders its holdings in two former subsidiaries:
The Associates First Capital Corporation [NYSE: AFS]
- Spun-off on April 7, 1998 to holders of record on March 12, 1998.
- Shareholders received .262085 shares of The Associates stock for each share of Ford Motor Company Common or Class B stock.
- Ford shareholders were instructed to allocate 33.59% of their basis in Ford Common and Class B stock to The Associates stock they received.
- The remaining 66.41% of their basis remained with their Ford Common or Class B stock.
Visteon Corporation [NYSE: VC]
- Spun-off on June 28, 2000 to holders of record on June 12, 2000.
- Shareholders received .130933 shares of Visteon stock for each share of Ford Motor Company Common or Class B stock.
- Ford shareholders were instructed to allocate 3.93% of their adjusted basis in Ford Common and Class B stock to the Visteon stock they received.
- The remaining 96.07% of their adjusted basis remained with their Ford Common or Class B stock.
