Split History
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Cushing NextFen Infrastructure Income Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high total return with an emphasis on current income. The Fund, under normal market conditions, invests at least 80% of its assets in a portfolio of companies across the energy supply chain field, including upstream, midstream and downstream energy companies, as well as oil and gas services companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies, and transportation and logistics companies providing solutions to the United States manufacturing industry. According to our SZC split history records, Cushing Nextgen Infrastructure Income Fund Common has had 1 split.
SZC split history picture
Cushing Nextgen Infrastructure Income Fund Common (SZC) has 1 split in our SZC split history database. The split for SZC took place on June 15, 2020. This was a 1 for 4 reverse split, meaning for each 4 shares of SZC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.

When a company such as Cushing Nextgen Infrastructure Income Fund Common 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 SZC split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cushing Nextgen Infrastructure Income Fund Common shares, starting with a $10,000 purchase of SZC, presented on a split-history-adjusted basis factoring in the complete SZC split history. SZC split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 09/26/2012
End date: 06/18/2021
Start price/share: $100.04
End price/share: $48.93
Starting shares: 99.96
Ending shares: 219.38
Dividends reinvested/share: $51.38
Total return: 7.34%
Average Annual Total Return: 0.81%
Starting investment: $10,000.00
Ending investment: $10,729.81
Years: 8.73
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 09/26/2012
End date: 06/18/2021
Start price/share: $100.04
End price/share: $48.93
Dividends collected/share: $51.38
Total return: 0.27%
Average Annual Total Return: 0.03%
Starting investment: $10,000.00
Ending investment: $10,026.22
Years: 8.73
Date Ratio
06/15/20201 for 4
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