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Arlington Asset Investment Corp 6.750% Notes Due 2 (AIC) has 1 split in our AIC split history database. The split for AIC took place on November 24, 1997. This was a 1 for 5 reverse split, meaning for each 5 shares of AIC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Arlington Asset Investment Corp 6.750% Notes Due 2 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 AIC split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Arlington Asset Investment Corp 6.750% Notes Due 2 shares, starting with a $10,000 purchase of AIC, presented on a split-history-adjusted basis factoring in the complete AIC split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||6.37%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||5.13%|
|About Arlington Asset Investment Corp 6.750% Notes Due 2|
|The Company was formed to build and manage a portfolio of high yielding subprime residential mortgage loans to offer its stockholders the opportunity for attractive dividend yields and earnings growth. According to our AIC split history records, Arlington Asset Investment Corp 6.750% Notes Due 2 has had 1 split.|
|AIC Split History Table|
|11/24/1997||1 for 5|
|Materials Stock Splits|
|AIC is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:|