Invesco California Value Municipal Income Trust is a closed-end management investment company. The Trust's investment objective is to seek to provide common shareholders with a level of current income exempt from federal and California income taxes, consistent with preservation of capital. The Trust will invest substantially all of its assets in California municipal securities rated investment grade at the time of investment. Municipal securities include municipal bonds, municipal notes, municipal commercial paper and lease obligations. The Trust may also invest up to 20% of its net assets in non-investment grade and unrated municipal securities at the time of purchase. We show 1 historical shares outstanding datapoints in our VCV shares outstanding history coverage, used to compute VCV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VCV market cap history over the course of time is important for investors
interested in comparing VCV'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 VCV versus a peer is one thing; comparing
VCV 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 VCV can fluctuate over the course of history.
With this page we aim to empower investors researching VCV by allowing them to research the VCV market cap history. |
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Video: The Importance of Market Cap
