Total Return to Shareholders means the percentage appreciation in the Common Share Price from the Effective Date to the Valuation Date, determined by dividing (a) the difference obtained by subtracting (1) the Effective Date Common Share Price, from (2) the Common Share Price on the Valuation Date plus all dividends paid on a Common Share from the Effective Date to the Valuation Date by (b) the Effective Date Common Share Price. Additionally, as set forth in, and pursuant to, Section 6, appropriate adjustments to the Total Return to Shareholders shall be made to take into account all stock dividends, stock splits, reverse stock splits and the other events set forth in Section 6 that occur between the Effective Date and the Valuation Date.
Total Return to Shareholders means the percentage appreciation in the Common Share Price from the Effective Date to the Valuation Date, determined by dividing (a) the difference obtained by subtracting (1) the Effective Date Common Share Price, from (2) the Common Share Price on the Valuation Date plus all dividends paid on a Common Share from the Effective Date to the Valuation Date up to a maximum of $6.22 by (b) the Effective Date Common Share Price; provided, however, for the purpose of calculating Total Return to Shareholders under Sections 3(b)(ii) and (iii), no such dividend per share limitation shall apply for purposes of the comparison of Total Return to Shareholders to the 50th Percentile; provided, further, that for the purposes of calculating the Total Return to Shareholders under Section 2(b)(iii), the amount of the maximum dividend considered herein shall be prorated based on the number of days from the Effective Date to and including the date of the Change in Control divided by the total number of days from the Effective Date to and including the Measurement Date. Additionally, as set forth in, and pursuant to, Section 6, appropriate adjustments to the Total Return to Shareholders shall be made to take into account all stock dividends, stock splits, reverse stock splits and the other events set forth in Section 6 that occur between the Effective Date and the Valuation Date.
Total Return to Shareholders means (i) the Fair Market Value of a Share on the last day of a period minus the Fair Market Value of a Share on the first day of the period plus all dividends paid on a Share during such period, divided by (ii) the Fair Market Value of a Share on the first day of the period.
Examples of Total Return to Shareholders in a sentence
Other hurdles considered by the BoardAs in previous years, the Human Resources Committee has considered, and taken advice regarding, the implementation of a hurdle based on measurement of Total Return to Shareholders (TRS), either on a comparative basis or in absolute terms.
The Total Return to Shareholders who invested at the launch of the Company in 1998 (NAV plus cumulative dividends) is now 126.6p compared to the original cost (net of income tax relief) of 80p per share.
The Company also believes that its stated investment objective is commensurate with this lower level of risk and volatility and that the historically stable, predictable and low-growth nature of most infrastructure investments means that they are likely to offer higher dividend yields than equity investments in most other sectors.Since inception, the Company’s annualised Total Return to Shareholders of 11.3 per cent.
The Total Return to Shareholders who invested at the launch of the Company in 1998 (NAV plus cumulative dividends) now stands at 157.5p, compared to the original cost (net of income tax relief) of 80.0p per share.
The Total Return to Shareholders who invested at the launch of the Company in 1998 (NAV plus cumulative dividends) now stands at 156.5p compared to the original cost (net of income tax relief) of 80.0p per share.
More Definitions of Total Return to Shareholders
Total Return to Shareholders means the total annual return to the holders of Common Shares during the Measurement Period. Total Return to Shareholders shall be measured by assuming a hypothetical investment of $100 in Common Shares on the first day of the Measurement Period (the “Initial Investment”) and calculating the value of such investment as of the Valuation Date, assuming all dividends paid on the Common Shares are reinvested into additional Common Shares (the “Total Return”). The difference between the Total Return and the Initial Investment will be divided by the Initial Investment and the resulting number further divided by the number of years in the Measurement Period to determine the Annualized Total Shareholder Return. For example, if the Total Return is $170 and the Measurement Period ends on the Measurement Date, the Annualized Total Shareholder Return is: (170-100)/100=70% 70/5=14%
Total Return to Shareholders means, with respect to the period from the Effective Date to the Valuation Date, the cumulative return (calculated as a percentage) that would have been realized by a shareholder who (A) bought one Common Share on the Effective Date at the Effective Date Common Share Price, (B) reinvested each dividend and other distribution declared during such period of time with respect to such Common Share (and any other Common Shares previously received upon reinvestment of dividends or other distributions) in additional Common Shares at the Fair Market Value on the applicable dividend payment date, and (C) sold all the Common Shares described in (A) and (B) on the Valuation Date at the Common Share Price on such date. Additionally, as set forth in, and pursuant to, Section 6, appropriate adjustments to the Total Return to Shareholders shall be made to take into account all share dividends, share splits, reverse share splits and the other events set forth in Section 6 that occur between the Effective Date and the Valuation Date.
Total Return to Shareholders means the sum of Dividends and Stock Appreciation divided by the value of a share of common stock at the beginning of the Plan Period, such value to be based on the average of the closing prices of the stock on the twenty trading days ended on the last trading day preceding the Plan Period, with all such closing prices as reported on the securities exchange or over-the-counter systems specified in Paragraph 4.l. hereof.
Total Return to Shareholders for any calendar quarter is calculated for each share class as the change in the net asset value for such class plus total distributions for such class calculated based on the average Adjusted Capital for such class as of each calendar quarter end. The average Adjusted Capital is computed on the daily adjusted capital for a particular share class for the actual number of days in the calendar year, measured as of each calendar quarter end for purposes of the Total Return Incentive Fee calculation and as of each month end for the Base Management Fee calculation. The Annual Preferred Return, the Non-Founder Breakpoint and the Founder Breakpoint are also adjusted for the actual number of days in each calendar year, measured as of each calendar quarter end. For purposes of calculating the Total Return to Shareholders, the change in net asset value is subject to an annual High Water Mxxx. For purposes of this Agreement, the Company’s “High Water Mxxx” is equal to the highest year-end per-share net asset value, for each share class of the Company since inception, as adjusted for any special distributions resulting from the sale of Company assets, provided such adjustment is approved by the Company’s board of directors. If, as of any calendar year end, the Company’s net asset value is (A) above the High Water Mxxx, then for such calendar year, then the Total Return Calculation will include the increase in net asset value in excess of the High Water Mxxx, and (B) if the Company’s net asset value is below the High Water Mxxx for such calendar year, then, for all calendar quarters during such calendar year, (i) any increase in per share net asset value will be disregarded in the calculation of Total Return to Shareholders while (ii) any decrease in per share net asset value will be included the calculation of Total Return to Shareholders. For the year ending December 31, 2018, the High Water Mxxx will be $24.75.
Total Return to Shareholders means, with respect to the Company or any other S&P 500 Company, the total return to a holder of the common stock of such company as a result of his or her ownership of such common stock during the Measurement Period, such total return (i) to be expressed as a percentage of an assumed initial investment in such common stock as of July 22, 1998 and (ii) to include both the appreciation in the per share price of such common stock during the Measurement Period and the per share fair market value of all dividends and distributions paid or distributed by such company with respect to such common stock during the Measurement Period, assuming that all such dividends and distributions are reinvested in shares of such common stock at their Fair Market Value on the last trading day of the month in which the dividend or distribution is paid or distributed. For purposes of calculating TRS for the Company or any other S&P 500 Company, the assumed initial investment in such company's common stock as of July 22, 1998 shall be at the applicable Starting Price, and the value of a share of such company's common stock at the end of the Measurement Period shall be the applicable Ending Price.
Total Return to Shareholders means, with respect to the Company or any other S&P 500 Company, the total return to a holder of the common stock of such company as a result of his or her ownership of such common stock during the Performance Period, such total return (i) to be expressed as a percentage of an assumed initial investment in such common stock as of October 21, 1998 and (ii) to include both the appreciation in the per share price of such common stock during the Performance Period and the per share fair market value of all dividends and distributions paid or distributed by such company with respect to such common stock during the Performance Period, assuming that all such dividends and distributions are reinvested in shares of such common stock at their Fair Market Value on the last trading day of the month in which the dividend or distribution is paid or distributed. For purposes of calculating Total Return to Shareholders for the Company or any other S&P 500 Company, the assumed initial investment in such company's common stock as of October 21, 1998 shall be at the applicable Starting Price, and the value of a share of such company's common stock at the end of the Performance Period shall be the applicable Ending Price.
Total Return to Shareholders means the percentage appreciation in the Common Share Price from the Effective Date to the Valuation Date, determined by dividing (a) the difference obtained by subtracting (1) the Effective Date Common Share Price, from (2) the Common Share Price on the