Split History
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Helios Advantage Income Fund is a 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 investment. As of Mar 31 2013, the Fund's total assets consisted of $86,423,809 and the Fund's investment portfolio was valued at $83,372,090. According to our HAV split history records, Helios Advantage Income Fund has had 1 split.
HAV split history picture
Helios Advantage Income Fund (HAV) has 1 split in our HAV split history database. The split for HAV took place on September 01, 2009. This was a 1 for 5 reverse split, meaning for each 5 shares of HAV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.

When a company such as Helios Advantage Income Fund 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 HAV split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Helios Advantage Income Fund shares, starting with a $10,000 purchase of HAV, presented on a split-history-adjusted basis factoring in the complete HAV split history. HAV split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/02/2010
End date: 08/08/2014
Start price/share: $6.73
End price/share: $8.87
Starting shares: 1,485.88
Ending shares: 2,176.90
Dividends reinvested/share: $3.23
Total return: 93.09%
Average Annual Total Return: 17.39%
Starting investment: $10,000.00
Ending investment: $19,309.62
Years: 4.10
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/02/2010
End date: 08/08/2014
Start price/share: $6.73
End price/share: $8.87
Dividends collected/share: $3.23
Total return: 79.78%
Average Annual Total Return: 15.36%
Starting investment: $10,000.00
Ending investment: $17,975.52
Years: 4.10
Date Ratio
09/01/20091 for 5
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