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NHF (NHF) has 1 split in our NHF split history database. The split for NHF took place on October 06, 2015. This was a 1 for 4 reverse split, meaning for each 4 shares of NHF owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as NHF 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 NHF split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NHF shares, starting with a $10,000 purchase of NHF, presented on a split-history-adjusted basis factoring in the complete NHF split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||8.95%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||8.16%|
|NexPoint Strategic Opportunities Fund is registered as a non-diversified, closed-end management investment company. The Fund's investment objectives are to provide both current income and capital appreciation. According to our NHF split history records, NHF has had 1 split.|
|NHF Split History Table|
|10/06/2015||1 for 4|
|Financials Stock Splits|
|NHF is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|