Windfall shares - your options

If your find yourself receiving windfall shares because a mutual institution of which you are a member (usually a building society or mutual assurance group) is converting into a stock market-quoted company, you have to decide whether to keep the shares or sell them.

Though these cash giveaways are far less common than they used to be you never know when the next mutual is going to list on the stockmarket. Therefore it might be worth a punt just bunging a few bob around a number of institutions via various savings accounts.

Last Updated: June 2007 © Moneyextra.com

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