The interest rate on the debt is 8 percent and there. The outstanding shares formula is represented as issued shares minus shares held in the company's treasury or treasury stock.Take your calculations all the way to computing earnings per share. The formula for calculating the shares outstanding consists of subtracting the shares repurchased from the total shares issued to date. An investment in the Fund is not intended as a complete investment plan. Based on the number of outstanding shares of Common Stock as of. The Distribution Rate calculation includes income and return of capital and includes a prorated special distribution in the month it is paid.