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There were supposed to be fractional share splits for some Neuberger/Berman funds last Friday, but I haven't been able to locate the info on their website (nb.com). Has anyone else found it? Thx!
This is pure non-sense. Unlike splitting individual stocks, splitting mutual funds provides no value to the investors. The investors get more shares propositionally to the split and the NAV is reduced accordingly. The total sum remains the same.
Comments
Regards,
Ted
(Click On At Top Of Google Search): {PDF{ Neuberger Berman Equity Funds:
https://www.google.com/search?source=hp&ei=BoB9WqnnGc3wsQW3orOIBQ&q=Neuberger/Berman+share+splits?&oq=Neuberger/Berman+share+splits?&gs_l=psy-ab.3...3004.3004.0.4171.1.1.0.0.0.0.73.73.1.1.0....0...1c..64.psy-ab..0.0.0....0.UsU8SzuEDJ0
https://www.sec.gov/Archives/edgar/data/44402/000089843218000039/a497.htm