Split History
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Avenue Income Credit Strategies is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of income with a secondary objective of capital appreciation. It invests primarily in loan and debt instruments, such as loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments of issuers that operate in a range of industries and geographic regions. As of Oct 31 2015, the Fund's investment portfolio totaled $277,230,665 and total assets were $287,508,859. According to our ACP split history records, Avenue Income Credit Strategies Fund has had 1 split.
ACP split history picture
Avenue Income Credit Strategies Fund (ACP) has 1 split in our ACP split history database. The split for ACP took place on April 18, 2013. This was a 1027 for 1000 split, meaning for each 1000 shares of ACP owned pre-split, the shareholder now owned 1027 shares. For example, a 1000 share position pre-split, became a 1027 share position following the split.

When a company such as Avenue Income Credit Strategies Fund splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. Looking at the ACP split history from start to finish, an original position size of 1000 shares would have turned into 1027 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Avenue Income Credit Strategies Fund shares, starting with a $10,000 purchase of ACP, presented on a split-history-adjusted basis factoring in the complete ACP split history. ACP split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 01/27/2011
End date: 03/24/2017
Start price/share: $19.47
End price/share: $13.69
Starting shares: 513.61
Ending shares: 947.74
Dividends reinvested/share: $9.34
Total return: 29.75%
Average Annual Total Return: 4.32%
Starting investment: $10,000.00
Ending investment: $12,974.00
Years: 6.16
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 01/27/2011
End date: 03/24/2017
Start price/share: $19.47
End price/share: $13.69
Dividends collected/share: $9.34
Total return: 18.29%
Average Annual Total Return: 2.77%
Starting investment: $10,000.00
Ending investment: $11,831.81
Years: 6.16
Date Ratio
04/18/20131027 for 1000
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