Anyone who owns iShares CDN S&P/TSX Capped Composite Index Fund (XIC) may have noticed that it is trading at around $20 when it should be in the $80s. It is because they announced a stock split, however, the additional units haven’t been disbursed to share holders yet. Meanwhile, in my E*Trade account it says that holdings in XIC have a market value 73% less than the book value because the split price has already taken effect.
