Bullboard - Stock Discussion Forum iShares Global Real Estate Index ETF T.CGR

Alternate Symbol(s): IGREF

The investment objective of the Fund is to replicate, to the extent possible, the performance of the Cohen & Steers Global Realty Majors Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment... see more

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iShares Global Real Estate Index ETF > 1 for 3 share split?

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Post by auagmaniac on Jul 20, 2007 8:23am

1 for 3 share split?

I was reading the July 18th news release. Am I reading it right? Sounds like a 1 for 3 split. I could see that if we were trading at $40 or $50 per share, but it doesn't make much sense at $3.00. Thoughts?

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Comment by mudlark on Jul 20, 2007 6:19pm

Yes its true. When I spoke to Wolfin about it he said it was to provide a larger float of shares because since they did the rollback there has been liquidity problems.

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