First Trust Senior Floating Rate 2022 Target Term Fund is a diversified, closed-end management investment company. The investment objectives of the Fund are to seek a high level of current income and to return $9.85 per Common Share of beneficial interest of the Fund (the original net asset value per Common Share before deducting offering costs of $0.02 per Common Share) to the holders of Common Shares on or about Feb. 1, 2022. Under normal market conditions, the Fund pursues its investment objectives by investing at least 80% of its Managed Assets in a portfolio of senior secured floating-rate loans of any maturity. We show 1 historical shares outstanding datapoints in our FIV shares outstanding history coverage, used to compute FIV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FIV market cap history over the course of time is important for investors
interested in comparing FIV'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 FIV versus a peer is one thing; comparing
FIV 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 FIV can fluctuate over the course of history.
With this page we aim to empower investors researching FIV by allowing them to research the FIV market cap history. |
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Video: The Importance of Market Cap
