Aug 23, 2006
1:75
For every 75 shares held, investors received 1. The price per share adjusted from $0.01 to $1.12.
The split itself did not change the total investment value.
PILLARSTONE CAPITAL REIT (OTC:PRLEQ) operates in the Real estate investment trusts industry.
PILLARSTONE CAPITAL REIT company overviewPILLARSTONE CAPITAL REIT's most recent stock split was on August 23, 2006. It was a 1-for-75 reverse split, so shareholders received 1 share for every 75 they held.
PILLARSTONE CAPITAL REIT (OTC:PRLEQ) has split its stock 2 times: a 19-for-12 split on March 25, 1999 and a 1-for-75 reverse split on August 23, 2006.
PILLARSTONE CAPITAL REIT has split its stock 2 times. This history records 2 splits between March 25, 1999 and August 23, 2006.
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 PILLARSTONE CAPITAL REIT's 1-for-75 reverse split on August 23, 2006, every 75 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
PILLARSTONE CAPITAL REIT has not announced a new split in our records. Its most recent split was on August 23, 2006, 20 years ago. Companies announce splits in advance, and any new OTC:PRLEQ split will appear on this page.