First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Shares Outstanding (Basic Average) : 0.00 Mil (As of Jun. 2015)

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What is First Asset CanBanc Split Shares Outstanding (Basic Average)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. First Asset CanBanc Split's average basic shares outstanding for the quarter that ended in Jun. 2015 was 0.00 Mil.

First Asset CanBanc Split Shares Outstanding (Basic Average) Historical Data

The historical data trend for First Asset CanBanc Split's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Asset CanBanc Split Shares Outstanding (Basic Average) Chart

First Asset CanBanc Split Annual Data

Trend

Dec09

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Dec14

Shares Outstanding (Basic Average)

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First Asset CanBanc Split Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Shares Outstanding (Basic Average)	Get a 7-Day Free Trial								-	-	-	-	-

First Asset CanBanc Split Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

First Asset CanBanc Split Shares Outstanding (Basic Average) Related Terms

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First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Asset CanBanc Split Corp (TSX:CBU.PR.A.PFD) » Definitions » Shares Outstanding (Basic Average)

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Website

http://www.firstasset.com

First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Headlines

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