Cornerstone Total Return Fund has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on December 23, 2008 with the ratio of 1-for-4, meaning that for 4 shares of CRF owned pre-split, shareholders then owned 1 share. The most recent stock split took place on December 29, 2014 on a 1-for-4 basis.
These actions have increased CRF stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Cornerstone Total Return Fund's total market capitalization.
For more detailed information of Cornerstone Total Return Fund's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Cornerstone Total Return Fund has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when CRF stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Cornerstone Total Return Fund's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
