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Brookfield Total Return Fund In Message Board

  • vickersviscount vickersviscount Aug 23, 2012 12:38 PM Flag

    I don't see the logic of reverse split

    I have held HTR for around 10 years, and often when cash builds up in my Fidelity cash account (now at .01%) I buy another few hundred shares of HTR, because the price was low, and the dividend has essentially paid off my original shares over 10 years. But with a higher price, there is a psychological barrier to buying an additional 100 shares. Perhaps management felt $6 was an insult for a fund like this, so I could see double to $12, but somehow a 4 x reverse split seems overkill. . .thoughts?

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23.67+0.01(+0.04%)Apr 28 4:02 PMEDT