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Video: What is a Stock Split?


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RENN FUND is a registered, non-diversified, closed-end management investment company. The investment objective of the Fund is to provide its stockholders primarily with long-term capital appreciation by investing substantially in privately-placed convertible and equity securities of emerging growth companies traded on U.S. securities exchanges.of auction preferred shares As of Dec 31 2016, the Fund's total assets were $9,352,616 and the Fund's investment portfolio was valued at $9,307,076. According to our RCG split history records, Renn Fund has had 1 split.
RCG split history picture
Renn Fund (RCG) has 1 split in our RCG split history database. The split for RCG took place on June 17, 2002. This was a 1 for 7 reverse split, meaning for each 7 shares of RCG 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 Renn 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 RCG 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 Renn Fund shares, starting with a $10,000 purchase of RCG, presented on a split-history-adjusted basis factoring in the complete RCG split history. RCG split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 09/21/2010
End date: 09/18/2020
Start price/share: $1.82
End price/share: $1.32
Dividends collected/share: $0.00
Total return: -27.47%
Average Annual Total Return: -3.16%
Starting investment: $10,000.00
Ending investment: $7,253.50
Years: 10.00
Date Ratio
06/17/20021 for 7
RCG 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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