 The preferred and capital shares of a split share corporation are independently tradeable securities, and hence their value is subject to market forces.If the volume of traded shares is relatively small, then the price of split share corporations can be volatile as with any other thinly traded security.Close to the expiration date, however, the value of the preferred shares will tend to converge on the initial issue price if the split share corporation is judged by the market to have sufficient equity to fully pay back the preferred shareholders.