Preferred Stock

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Related to preference shares: Debentures, cumulative preference shares

Preferred Stock

 

a stock that pays a fixed return, as opposed to common stock, for which the dividend varies according to the profits of the joint-stock company.

References in periodicals archive ?
Following this redemption procedure, the total number of preference shares will be approximately 2,100,000.
The warrant was issued to the Government of Bermuda in June 2009 pursuant to the Preference Shares Guarantee Agreement.
The total number of the Offshore Preference Shares to be issued is 44,400,000.
In accordance with the terms of the Preference Shares, the number of Weyerhaeuser common shares issuable on conversion of the Preference Shares was determined based on the average of the volume weighted average price of Weyerhaeuser common shares over the 20-trading-day period beginning June 1, 2016 and ending on June 28, 2016.
Preference shares are securities issued by a company that do not carry voting rights like ordinary shares.
ii) the announcement dated 9 December 2009 in relation to the issue of the notice dated 9 December 2009 by the Acquiror to the Preference Share Holders on the expected Effective Date, expected Settlement Date, expected Preference Share Offer Price and expected close of the Preference Share Offer;
The total number of shares in SAS will amount to 336,000,000 after the issue, of which 329,000,000 are common shares and 7,000,000 are preference shares.
8 June 2011 - Swedish real estate company Fastighets AB Balder (STO: BALD B) announced today a decision to expand its preference share issue for the second time to SEK1bn from SEK850m to meet high demand from investors.
The Preference Shares are not redeemable prior to December 1, 2017.
10 of the CRPS Offer Letter, in the event that the Acquiror acquires 90% or more of the total number of CRPS (other than those already held by the Acquiror, its related corporations and their respective nominees as at the date of the CRPS Offer Letter) pursuant to the Preference Share Offer, the Acquiror will be entitled to exercise the right of compulsory acquisition under Section 215(1) of the Companies Act at the Preference Share Offer Price.
On and after the redemption date, the Series A Preference Shares will no longer be deemed to be outstanding, dividends on the Series A Preference Shares will cease to accrue, and all rights of the holders of the Series A Preference Shares will cease, except for the right to receive the redemption price, without interest thereon, upon surrender of the Series A Preference Shares.
Aspen expects to use the net proceeds from the sale of its perpetual non-cumulative preference shares for general corporate purposes, including the repurchase of its outstanding ordinary shares.