Question :
What is a reverse unit stock split?

Answer :
A reverse unit split is a proportionate decrease in the number of units a participant owns but not in the total value of the participant’s account holdings. Account values will not be affected and participants maintain the same percentage of equity as before the split.

Example:
At the close of business on a specific date, a Participant has $3,500 invested in a fund and owns 100 units. Each unit is worth $35.

After the stock market closes the next day, that same Participant will have only 10 units but will still have $3,500 invested in the fund. Each unit will be worth $350.