Jun 17, 1999
97:500
For every 500 shares held, investors received 97.
The split itself did not change the total investment value.
Carindale Property Trust (ASX:CDP) operates in the Real estate investment trusts industry.
Carindale Property Trust company overviewCarindale Property Trust's most recent stock split was on June 17, 1999. It was a 97-for-500 reverse split, so shareholders received 97 shares for every 500 they held.
Carindale Property Trust has split its stock once. This history records one reverse split, on June 17, 1999.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Carindale Property Trust's 97-for-500 reverse split on June 17, 1999, every 500 shares became 97 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Carindale Property Trust has not announced a new split in our records. Its most recent split was on June 17, 1999, 27 years ago. Companies announce splits in advance, and any new ASX:CDP split will appear on this page.
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