When a company such as CSI 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 CSI split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CSI shares, starting with a $10,000 purchase of CSI, presented on a split-history-adjusted basis factoring in the complete CSI split history.

About CSI

The Cutwater Select Income Fund is a statutory trust. Co. is a diversified closed-end, management investment company. Cutwater Investor Services Corp. (Cutwater) serves as Investment Adviser to Co. Cutwater is entitled to a fee at the annual rate of 0.50 percent on the first $100.0 million of Co.'s month end net assets and 0.40 percent on Co.'s month-end net assets in excess of $100.0 million. As of Mar. 31, 2016, total assets were $216,644,533 and investment portfolio totaled $227,230,761.. According to our CSI split history records, CSI has had 1 split.

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