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 Video: What is a Stock Split?
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| Gabelli Global Multimedia Trust is registered as a non-diversified closed-end management investment company. The Fund's investment objective is long term growth of capital. According to our GGT split history records, Gabelli Multimedia Trust has had 2 splits. | |
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Gabelli Multimedia Trust (GGT) has 2 splits in our GGT split history database. The first split for GGT took place on June 13, 2014. This was a 1039 for 1000 split, meaning for each 1000 shares of GGT owned pre-split, the shareholder now owned 1039 shares. For example, a 1000 share position pre-split, became a 1039 share position following the split. GGT's second split took place on June 28, 2024. This was a 1015 for 1000 split, meaning for each 1000 shares of GGT owned pre-split, the shareholder now owned 1015 shares. For example, a 1039 share position pre-split, became a 1054.585 share position following the split.
When a company such as Gabelli Multimedia Trust 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 GGT split history from start to finish, an original position size of 1000 shares would have turned into 1054.585 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gabelli Multimedia Trust shares, starting with a $10,000 purchase of GGT, presented on a split-history-adjusted basis factoring in the complete GGT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/08/2015 |
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| End date: |
12/05/2025 |
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| Start price/share: |
$7.91 |
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| End price/share: |
$4.16 |
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| Starting shares: |
1,264.22 |
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| Ending shares: |
4,572.67 |
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| Dividends reinvested/share: |
$8.86 |
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| Total return: |
90.22% |
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| Average Annual Total Return: |
6.64% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,019.60 |
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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: |
12/08/2015 |
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| End date: |
12/05/2025 |
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| Start price/share: |
$7.91 |
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| End price/share: |
$4.16 |
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| Dividends collected/share: |
$8.86 |
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| Total return: |
64.55% |
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| Average Annual Total Return: |
5.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,460.40 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/13/2014 | 1039 for 1000 | | 06/28/2024 | 1015 for 1000 |
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