Preferred Stock

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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 ?
Where a company is unable to borrow additional funds or issue new debt securities--whether because of concerns over the effect on credit ratings, debt covenant restrictions, or regulatory requirements--and does not wish to dilute earnings per share by issuing additional common shares, a preferred share issuance is the only viable course.
The company expects that after the 5 years holding period, set to expire March 31, 2011, the majority shareholders will not exchange their preferred shares for common shares since the preferred shares carry the same voting rights as common shares.
The Series 11 Preferred Shares and the Series 12 Preferred Shares have not been and will not be registered in the United States under the United States Securities Act of 1933, as amended (the Securities Act), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly in the United States or to, or for the account or benefit of, a U.
343750 per share on Series 36 preferred shares and CAD0.
The dividend rate applicable to the Series 5 Preferred Shares for the 5-year period commencing on December 20, 2016, and ending on December 19, 2021, and the dividend rate applicable to the Series 6 Preferred Shares for the 3-month period commencing on December 20, 2016, and ending on March 19, 2017, will be determined and announced by way of a news release on November 21, 2016.
The Fund will redeem 100% (2,050 shares) of its then outstanding Series R Auction Rate Preferred Shares par value $.
80% Series A-3 Cumulative Preferred Shares ("Series A-3 Preferred Shares") and 7.
The conversion of the Series C preferred shares will eliminate the preferred stockholder's right to receive a preferential distribution and cumulative dividend.
The conversion of the Series B preferred shares will eliminate the preferred stockholder's right to receive a Series B preferential distribution and Series B cumulative dividend.
The Series B Convertible Preferred Shares will receive dividends at the rate of 10% per annum, payable quarterly, and be redeemed by the Company on February 1, 2008.
5 million consisting of $750,000 to purchase 25,000,000 convertible preferred shares at a price of $0.
On Fitch's equity adjusted basis which gives varying equity credit for preferred shares and capital securities, pro forma leverage was 11.

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