FT4Web by Investors FastTrack |
Distribution Adjustment Example*with stock split* Symbol: TCI from starting date: 01/02/96 to last date in the database: 12/31/96. BP= 15.03% First CP= $14.750 Last CP = $11.000 |
| X-Date of Distribution | Closing Price | Distribution Amount | Split Ratio |
| 12/11/96 | $10.250 | 0.070 | 1.0 |
| 9/11/96 | $10.000 | 0.070 | 1.0 |
| 6/12/96 | $9.750 | 0.070 | 1.0 |
| 3/13/96 | $10.000 | 0.070 | 1.0 |
| 3/4/96 | $10.000 | --- | 1/1.50 |
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For each of the 5 lines above, the calculations are, AdjFactor(1) = Split Ratio(1) * [ Closing Price(1) / (Closing Price(1) + Distribution Amount(1) ) ] AdjFactor(1) = 1.0 * [ $10.250 / ($10.250 + 0.070) ] AdjFactor(1) = .993217 AdjFactor(2) = Split Ratio(2) * [ Closing Price(2) / (Closing Price(2) + Distribution Amount(2) ) ] AdjFactor(2) = 1.0 * [ $10.000 / ($10.000 + 0.070) ] AdjFactor(2) = .993049 AdjFactor(3) = Split Ratio(3) * [ Closing Price(3) / (Closing Price(3) + Distribution Amount(3) ) ] AdjFactor(3) = 1.0 * [ $10.250 / ($10.250 + 0.070) ] AdjFactor(3) = .993217 AdjFactor(4) = Split Ratio(4) * [ Closing Price(4) / (Closing Price(4) + Distribution Amount(4) ) ] AdjFactor(4) = 1.0 * [ $10.000 / ($10.000 + 0.070) ] AdjFactor(4) = .993049 AdjFactor(5) = Split Ratio(5) * [ Closing Price(5) / (Closing Price(5) + Distribution Amount(5) ) ] AdjFactor(5) = 1/1.5 * [ $10.000 / $10.000 ] AdjFactor(5) = .993217 Product of All Adjustment Factors(PofAll) = AdjFactor(1) * AdjFactor(2) * AdjFactor(3) * AdjFactor(etc..) PofAll = .993217 * .993049 * .992872 * .993049 * .666667 PofAll = 0.648317 Adjusted1stPrice = First CP * PofAll Adjusted1stPrice = $14.750 * 0.648317 Adjusted1stPrice = $9.562669 Total Return recorded as BP [(Last CP - Adj1stPrice) / Adj1stPrice] * 100 = % <===== RESULT [($11.000 - $9.562669) / $9.562669] * 100 = 15.03137% |