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Korea Fund Inc (the) New (KF) has 2 splits in our KF split history database. The first split for KF took place on October 12, 1988. This was a 3 for 1 split, meaning for each share of KF owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. KF's second split took place on December 22, 2008. This was a 1 for 10 reverse split, meaning for each 10 shares of KF owned pre-split, the shareholder now owned 1 share. For example, a 3000 share position pre-split, became a 300 share position following the split.
When a company such as Korea Fund Inc (the) New 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. When a company such as Korea Fund Inc (the) New 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 KF split history from start to finish, an original position size of 1000 shares would have turned into 300 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Korea Fund Inc (the) New shares, starting with a $10,000 purchase of KF, presented on a split-history-adjusted basis factoring in the complete KF split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||0.62%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||1.21%|
|About Korea Fund Inc (the) New|
|Korea Fund is registered as a closed-end, non-diversified management investment company . The Fund's investment objective is to seek long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies. According to our KF split history records, Korea Fund Inc (the) New has had 2 splits.|
|KF Split History Table|
|10/12/1988||3 for 1|
|12/22/2008||1 for 10|
|Financials Stock Splits|
|KF is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|