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 Video: What is a Stock Split?
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| Investcorp Credit Management BDC is registered as an externally managed, non-diversified closed-end management investment company. Co.'s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held middle-market companies. According to our ICMB split history records, Investcorp Credit Management BDC has had 1 split. | |
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Investcorp Credit Management BDC (ICMB) has 1 split in our ICMB split history database. The split for ICMB took place on June 18, 2020. This was a 1007 for 1000 split, meaning for each 1000 shares of ICMB owned pre-split, the shareholder now owned 1007 shares. For example, a 1000 share position pre-split, became a 1007 share position following the split.
When a company such as Investcorp Credit Management BDC 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 ICMB split history from start to finish, an original position size of 1000 shares would have turned into 1007 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Investcorp Credit Management BDC shares, starting with a $10,000 purchase of ICMB, presented on a split-history-adjusted basis factoring in the complete ICMB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/25/2014 |
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| End date: |
04/23/2024 |
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| Start price/share: |
$13.82 |
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| End price/share: |
$3.25 |
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| Starting shares: |
723.59 |
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| Ending shares: |
2,916.90 |
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| Dividends reinvested/share: |
$9.99 |
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| Total return: |
-5.20% |
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| Average Annual Total Return: |
-0.53% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,482.33 |
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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: |
04/25/2014 |
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| End date: |
04/23/2024 |
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| Start price/share: |
$13.82 |
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| End price/share: |
$3.25 |
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| Dividends collected/share: |
$9.99 |
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| Total return: |
-4.21% |
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| Average Annual Total Return: |
-0.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,578.11 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/18/2020 | 1007 for 1000 |
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