Split History
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First Trust Strategic High Income Fund II (the "Fund") is a newly organized, diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. The Fund seeks capital growth as a secondary objective. The Fund seeks to achieve its investment objectives by investing in a diversified portfolio of below-investment grade and investment grade debt securities, and equity securities. As of Oct 31 2017, the Fund's investment portfolio totaled $134,087,542 and assets totaled $142,278,809. According to our FHY split history records, First Trust Strategic High Income Fund II has had 1 split.
FHY split history picture
First Trust Strategic High Income Fund II (FHY) has 1 split in our FHY split history database. The split for FHY took place on October 03, 2011. This was a 1 for 3 reverse split, meaning for each 3 shares of FHY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.

When a company such as First Trust Strategic High Income Fund II conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the FHY split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Trust Strategic High Income Fund II shares, starting with a $10,000 purchase of FHY, presented on a split-history-adjusted basis factoring in the complete FHY split history. FHY split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 05/27/2014
End date: 06/25/2018
Start price/share: $16.14
End price/share: $11.90
Starting shares: 619.58
Ending shares: 901.32
Dividends reinvested/share: $4.88
Total return: 7.26%
Average Annual Total Return: 1.73%
Starting investment: $10,000.00
Ending investment: $10,725.27
Years: 4.08
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 05/27/2014
End date: 06/25/2018
Start price/share: $16.14
End price/share: $11.90
Dividends collected/share: $4.88
Total return: 3.97%
Average Annual Total Return: 0.96%
Starting investment: $10,000.00
Ending investment: $10,397.73
Years: 4.08
Date Ratio
10/03/20111 for 3
FHY is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

FIC Split History
FIF Split History
FII Split History
FINU Split History
FINZ Split History
FITB Split History
FLC Split History
FLIC Split History
FMAO Split History
FMBH Split History

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