Latest Stock Split Details
Key information about Mackinac Financial Corporation's most recent stock split
Split Date: 2004-12-16
Split Ratio: 1:20
Price Before Split: $0.94
Price After Split: $0.05
Impact of the Stock Split
Understanding what this means for shareholders
- The total value of your investment remains the same
- You now own 20.00 times fewer shares (a 1:20 ratio)
- The price per share is increased proportionally
Historical Stock Splits
A comprehensive history of Mackinac Financial Corporation's stock splits
| Date | Ratio | Is Reverse Split | Price Before Split | Price After Split |
|---|---|---|---|---|
| 2004-12-16 | 1:20 | Yes | $0.94 | $0.05 |
About Mackinac Financial Corporation
Company overview and industry information
Mackinac Financial Corporation (MFNC) operates in the Banks - Regional industry. The recent 1-for-20 reverse stock split is part of the company's strategy to adjust its share price and potentially meet stock exchange listing requirements.
Banks - Regional
Go to Mackinac Financial Corporation Summary