Where can I get additional information about the 3-for-2 Stock Split that was effective December 15, 2006?
In 2006, the Board of Directors of American Financial Group, Inc. (AFG) approved a 3-for-2 split of AFG’s common shares. As a result of the stock split, on December 15, 2006, one additional common share was issued for every two common shares held by shareholders of record as of close of business on November 30, 2006. How does a 3-for-2 stock split actually work? A 3-for-2 split means the investor will have one and one half times as many shares as the investor had before the split, with each share having a value of two-thirds of the pre-split market price. For example: if an investor owned 100 shares of AFG and the market price was $48.00 per share, that investor’s total value was $4,800. After the split, the investor would have 150 shares of stock with a market price of $32.00 per share. The investor’s total investment value in AFG would remain the same, $4,800. Will Fractional Shares Be Issued? In lieu of issuing fractional shares, the Company will pay cash for fractional shares based
