On May 16, 2011 Wilmington Trust merged into M&T Bank. At this time holders of Wilmington Trust stock received 0.051372 shares of M&T stock for every 1 share of Wilmington Trust stock owned. Any fractional shares that resulted from this conversion were distributed in cash.
This exchange is a taxable transaction resulting in a capital loss or gain for tax purposes, and so determining the original cost basis of your Wilmington Trust Shares is vital.
For information regarding the cost basis, please contact M&T Bank’s Shareholder Relations Department at (716) 842-5138. They may or may not have this information. If not, please contact us and we will do our best to aid you in investigating the cost basis of your shares.
