References in periodicals archive ?
Table 6(a) presents summary statistics on the return on total capital for the total sample of 158 stock splits. Stock-splitting firms, in general, experienced increasing returns on total capital three years prior to the stock split announcement up to the year of the stock split announcement and then experience a decline through the next two years.
The final sample contained 527 stock split announcements by 481 firms.
Concurrently, the reverse stock split reduced the company's issued and outstanding shares of common stock from approximately 70 million to approximately seven million.
The Company has retained its transfer agent, Computershare, Inc., to act as its exchange agent for the reverse stock split. Computershare will provide stockholders of record as of the Effective Time a letter of transmittal providing instructions for the exchange of their stock certificates.
While the number of the fund's outstanding shares of common stock will decline, neither the fund's portfolio holdings nor the total value of stockholders' investments in the fund will be affected as a result of the reverse stock split.
The reverse stock split affects all issued and outstanding shares of the Company's common stock, as well as the number of shares of common stock available for issuance under the Company's equity incentive plans.
"The stock split or reverse split happens after you've done the research and made your purchase."
Al khaliji, Dlala Holding and Qatar Oman Investment will implement stock split on June 10; QIIB and Alijarah Holding (June 11); QNB, Ahlibank Qatar and Islamic Holding (June 12); Qatar Islamic Bank and Doha Bank (June 13) and Masraf Al Rayan (June 16).
Global Banking News-May 8, 2019-DelMar Pharmaceuticals' board authorises one for ten reverse stock split
announced that the effective day of the reverse split announced yesterday of 5:00 pm, Eastern Time, on November 8, 2018 (the Effective Time), has been moved to 5.00 pm, Eastern Time, on November 9, 2018 (the Effective Time), at which point, the Company will effect a 1 for 500 reverse stock split of its outstanding common stock.
M2 PHARMA-September 5, 2017-Merrimack Pharmaceuticals' One-for-Ten Reverse Stock Split Takes Effect on 6 September
BANKING AND CREDIT NEWS-October 13, 2015-NexPoint Credit Strategies Fund effects 1-for-4 reverse stock split