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Advent Claymore Convertible Securities and Income Fund II (AGC) has 2 splits in our AGC split history database. The first split for AGC took place on March 01, 1993. This was a 2 for 1 split, meaning for each share of AGC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. AGC's second split took place on March 02, 2001. This was a 2 for 1 split, meaning for each share of AGC owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Advent Claymore Convertible Securities and Income Fund II 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 AGC split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Advent Claymore Convertible Securities and Income Fund II shares, starting with a $10,000 purchase of AGC, presented on a split-history-adjusted basis factoring in the complete AGC split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-7.40%|
|About Advent Claymore Convertible Securities and Income Fund II|
|Altimeter Growth is a blank-check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. According to our AGC split history records, Advent Claymore Convertible Securities and Income Fund II has had 2 splits.|
|AGC Split History Table|
|03/01/1993||2 for 1|
|03/02/2001||2 for 1|
|Financials Stock Splits|
|AGC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
AGD Split History
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