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Aberdeen Income Credit Strategies Fundhar (ACP) has 2 splits in our ACP split history database. The first split for ACP took place on April 18, 2013. This was a 1027 for 1000 split, meaning for each 1000 shares of ACP owned pre-split, the shareholder now owned 1027 shares. For example, a 1000 share position pre-split, became a 1027 share position following the split. ACP's second split took place on October 15, 2019. This was a 1026 for 1000 split, meaning for each 1000 shares of ACP owned pre-split, the shareholder now owned 1026 shares. For example, a 1027 share position pre-split, became a 1053.702 share position following the split.
When a company such as Aberdeen Income Credit Strategies Fundhar 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 ACP split history from start to finish, an original position size of 1000 shares would have turned into 1053.702 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Aberdeen Income Credit Strategies Fundhar shares, starting with a $10,000 purchase of ACP, presented on a split-history-adjusted basis factoring in the complete ACP split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||4.56%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||2.80%|
|About Aberdeen Income Credit Strategies Fundhar|
|Aberdeen Income Credit Strategies Fund is registered as a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income, with a secondary objective of capital appreciation. According to our ACP split history records, Aberdeen Income Credit Strategies Fundhar has had 2 splits.|
|ACP Split History Table|
|04/18/2013||1027 for 1000|
|10/15/2019||1026 for 1000|
|Financials Stock Splits|
|ACP is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|