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BlackRock International Growth and Income Trust (BGY) has 1 split in our BGY split history database. The split for BGY took place on March 18, 2003. This was a 1000 for 1875 reverse split, meaning for each 1875 shares of BGY owned pre-split, the shareholder now owned 1000 shares. For example, a 1000 share position pre-split, became a 533.333333333333 share position following the split.
When a company such as BlackRock International Growth and Income Trust 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 BGY split history from start to finish, an original position size of 1000 shares would have turned into 533.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BlackRock International Growth and Income Trust shares, starting with a $10,000 purchase of BGY, presented on a split-history-adjusted basis factoring in the complete BGY split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||2.92%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||2.57%|
|About BlackRock International Growth and Income Trust|
|BlackRock International Dividend Trust is a diversified, closed-end management investment company. The Trust's primary investment objective is to provide current income and current gains, with a secondary objective of long-term capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in equity securities issued by companies of any market capitalization located in countries throughout the world and utilizing an option writing (selling) strategy to seek total return performance and enhance distributions. According to our BGY split history records, BlackRock International Growth and Income Trust has had 1 split.|
|BGY Split History Table|
|03/18/2003||1000 for 1875|
|Financials Stock Splits|
|BGY is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|