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 Video: What is a Stock Split?
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| First Trust MLP and Energy Income Fund is registered as a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund seeks to provide its common shareholders with a vehicle to invest in a portfolio of cash-generating securities, with a focus on investing in publicly traded master limited partnerships (MLPs), MLP-related entities and other companies in the energy sector and energy utility industries. According to our FEI split history records, First Trust MLP and Energy Income Fund has had 2 splits. | |
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First Trust MLP and Energy Income Fund (FEI) has 2 splits in our FEI split history database. The first split for FEI took place on May 27, 1986. This was a 3 for 2
split, meaning for each 2
shares of FEI owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. FEI's second split took place on December 02, 1997. This was a 3 for 2
split, meaning for each 2
shares of FEI owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as First Trust MLP and Energy Income 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 FEI split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Trust MLP and Energy Income Fund shares, starting with a $10,000 purchase of FEI, presented on a split-history-adjusted basis factoring in the complete FEI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
05/03/2024 |
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| Start price/share: |
$19.60 |
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| End price/share: |
$9.83 |
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| Starting shares: |
510.20 |
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| Ending shares: |
1,200.62 |
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| Dividends reinvested/share: |
$9.57 |
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| Total return: |
18.02% |
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| Average Annual Total Return: |
1.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,803.37 |
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| Years: |
9.40 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
05/03/2024 |
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| Start price/share: |
$19.60 |
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| End price/share: |
$9.83 |
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| Dividends collected/share: |
$9.57 |
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| Total return: |
-1.05% |
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| Average Annual Total Return: |
-0.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,897.11 |
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| Years: |
9.40 |
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| Date |
Ratio |
| 05/27/1986 | 3 for 2
| | 12/02/1997 | 3 for 2
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