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Video: What is a Stock Split?
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Flaherty & Crumrine Total Return Fund is a diversified, closed-end management investment company. The Fund seeks to provide its common shareholders with high current income, with a secondary objective of capital appreciation, by investing primarily in a portfolio of preferred and debt securities. Under normal market conditions, at least 50% of the Fund's net assets, plus any borrowings for investment purposes, will be invested in preferred securities. In addition, under normal market conditions, the Fund may invest up to 15% of its total assets in common stocks. Furthermore, under normal market conditions, the Fund invests at least 25% of its total assets in the financials sector. According to our FLC split history records, Flaherty and Crumrine Total Return Fund has had 1 split. | |
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Flaherty and Crumrine Total Return Fund (FLC) has 1 split in our FLC split history database. The split for FLC took place on July 16, 1997. This was a 2 for 1
split, meaning for each share of FLC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Flaherty and Crumrine Total Return 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 FLC split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Flaherty and Crumrine Total Return Fund shares, starting with a $10,000 purchase of FLC, presented on a split-history-adjusted basis factoring in the complete FLC split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$20.62 |
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End price/share: |
$14.71 |
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Starting shares: |
484.97 |
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Ending shares: |
1,021.28 |
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Dividends reinvested/share: |
$14.64 |
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Total return: |
50.23% |
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Average Annual Total Return: |
4.15% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,017.33 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$20.62 |
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End price/share: |
$14.71 |
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Dividends collected/share: |
$14.64 |
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Total return: |
42.32% |
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Average Annual Total Return: |
3.59% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,229.13 |
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Years: |
10.00 |
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Date |
Ratio |
07/16/1997 | 2 for 1
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