Split History
ETFs Holding TTP »    TTP Historical Stock Prices »
Video: What is a Stock Split?


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Tortoise Pipeline & Energy Fund is a closed-end management investment company. The Fund's investment objective is to seek high total return with an emphasis on current distributions paid to stockholders. The Fund invests primarily in equity securities of North American pipeline companies that transport natural gas, natural gas liquids, crude oil and refined products and, to a lesser extent, in other energy infrastructure companies. According to our TTP split history records, Tortoise Pipeline and Energy Fund has had 1 split.
TTP split history picture
Tortoise Pipeline and Energy Fund (TTP) has 1 split in our TTP split history database. The split for TTP took place on May 01, 2020. This was a 1 for 4 reverse split, meaning for each 4 shares of TTP 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 Tortoise Pipeline and Energy 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 TTP 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 Tortoise Pipeline and Energy Fund shares, starting with a $10,000 purchase of TTP, presented on a split-history-adjusted basis factoring in the complete TTP split history. TTP split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 08/17/2012
End date: 08/15/2022
Start price/share: $100.00
End price/share: $30.73
Starting shares: 100.00
Ending shares: 210.94
Dividends reinvested/share: $53.09
Total return: -35.18%
Average Annual Total Return: -4.24%
Starting investment: $10,000.00
Ending investment: $6,483.98
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 08/17/2012
End date: 08/15/2022
Start price/share: $100.00
End price/share: $30.73
Dividends collected/share: $53.09
Total return: -16.18%
Average Annual Total Return: -1.75%
Starting investment: $10,000.00
Ending investment: $8,381.57
Years: 10.00
Date Ratio
05/01/20201 for 4
TTP is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

TTT Split History
TURN Split History
TWGP Split History
TWM Split History
TWO Split History
TWQ Split History
TYD Split History
TYG Split History
TYH Split History
TYP Split History

Email EnvelopeFree TTP Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Root, Inc. (ROOT)
Mind Medicine Inc. (MNED)
Greenlane Holdings, Inc. (GNLN)
U.S. Well Services, Inc. (USWS)
Nutriband Inc. (NTRB)
Exela Technologies, Inc. (XELA)
Motus GI Holdings, Inc. (MOTS)
Cellectar Biosciences, Inc. (CLRB)
Synthetic Biologics, Inc. (SYN)
McEwen Mining Inc. (MUX)
More latest stock splits »
Latest mega mergers »
Latest stock buybacks »

TTP Insider Buying

TTP Split History | www.SplitHistory.com | Copyright © 2013 - 2022, All Rights Reserved

Nothing in www.SplitHistory.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. Split history database is not guaranteed to be complete or free of errors. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and market videos powered by Market News Video. Quote and option data delayed at least 15 minutes; stock quote data powered by Ticker Technologies, and Mergent.