Alliance California Municipal Income Fund is a non-diversified, closed-end management investment company. Co. is designed to provide tax benefits to investors who are California residents. As of Oct 31 2017, Co.'s total investment portfolio was $206,897,182 and assets totaled $209,707,660. We show 1 historical shares outstanding datapoints in our AKP shares outstanding history coverage, used to compute AKP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AKP market cap history over the course of time is important for investors
interested in comparing AKP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of AKP versus a peer is one thing; comparing
AKP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like AKP can fluctuate over the course of history.
With this page we aim to empower investors researching AKP by allowing them to research the AKP market cap history. |
Free AKP Email Alerts:
Video: The Importance of Market Cap
