I'm only an investor through an index-based ETF, but I got this message:
"""Shares of Thomson Reuters (NASDAQ/TSX: TRI) are now trading on a 0.984560-for-1 reverse-split basis (effective May 4, 2026)."""
Maybe it has something to do with this subsequent note:
"""In addition to the share consolidation, Thomson Reuters has announced a return of capital cash distribution of US$1.435518 per common share.
"""
What's the point of such a marginal reverse-split? Some insider made a prediction market bet?
What's the point of a 0.9-something reverse stock split?
byu/grimlyforming ininvesting
Posted by grimlyforming
2 Comments
AI slop
Yes the one is a result of the other, the cash return of capital results in the stock reverse splitting by that exact amount. It’s like how a share price drops on exdividend date