Eagle Growth & Income Opportunities Fund is registered as a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of current income and capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its managed assets in dividend or other income paying equity securities and debt securities, excluding securities that distribute a return of capital, original issue discount bonds and payment-in-kind debt instruments. We show 1 historical shares outstanding datapoints in our EGIF shares outstanding history coverage, used to compute EGIF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EGIF market cap history over the course of time is important for investors
interested in comparing EGIF'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 EGIF versus a peer is one thing; comparing
EGIF 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 EGIF can fluctuate over the course of history.
With this page we aim to empower investors researching EGIF by allowing them to research the EGIF market cap history. |
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Video: The Importance of Market Cap
