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DWS High Income Trust (KHI) has 1 split in our KHI split history database. The split for KHI took place on August 10, 2009. This was a 1 for 2 reverse split, meaning for each 2 shares of KHI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as DWS High 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 KHI split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DWS High Income Trust shares, starting with a $10,000 purchase of KHI, presented on a split-history-adjusted basis factoring in the complete KHI split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||6.43%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||5.37%|
|About DWS High Income Trust|
|Deutsche High Income Trust is a diversified, closed-end management investment company. Deutsche Investment Management Americas Inc. (DIMA or the Advisor), which is part of Deutsche Asset & Wealth Management, is the investment advisor for Co. DIMA provides a range of investment advisory services to both institutional and retail clients. DIMA is an indirect, wholly owned subsidiary of Deutsche Bank AG. Deutsche Asset & Wealth Management is the retail brand name in the U.S. for the wealth management and asset management activities of Deutsche Bank AG and DIMA. As of Nov 30 2016, the Trust's total assets were $193,915,050 and the Trust's investment portfolio comprised of $189,945,771. According to our KHI split history records, DWS High Income Trust has had 1 split.|
|KHI Split History Table|
|08/10/2009||1 for 2|
|Financials Stock Splits|
|KHI is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|