Split History
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Video: What is a Stock Split?


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Goldman Sachs MLP Income Opportunity Fund is 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 to shareholders. The Fund seeks to achieve its investment objective by investing primarily in master limited partnerships. According to our GMZ split history records, GMZ has had 1 split.
GMZ split history picture
GMZ (GMZ) has 1 split in our GMZ split history database. The split for GMZ took place on April 14, 2020. This was a 1 for 7 reverse split, meaning for each 7 shares of GMZ owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split.

When a company such as GMZ 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 GMZ split history from start to finish, an original position size of 1000 shares would have turned into 142.857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GMZ shares, starting with a $10,000 purchase of GMZ, presented on a split-history-adjusted basis factoring in the complete GMZ split history. GMZ split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 11/26/2013
End date: 09/25/2020
Start price/share: $140.00
End price/share: $8.09
Starting shares: 71.43
Ending shares: 134.30
Dividends reinvested/share: $43.98
Total return: -89.14%
Average Annual Total Return: -27.74%
Starting investment: $10,000.00
Ending investment: $1,086.09
Years: 6.83
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 11/26/2013
End date: 09/25/2020
Start price/share: $140.00
End price/share: $8.09
Dividends collected/share: $43.98
Total return: -62.80%
Average Annual Total Return: -13.47%
Starting investment: $10,000.00
Ending investment: $3,721.07
Years: 6.83
Date Ratio
04/14/20201 for 7
GMZ is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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