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 ?
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.
Dividends on preferred shares are also subject to the Part IV.
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.
James Roser, Manager of the General Partner of The Roser Partnership III, SBIC LP and sole holder of the Series C preferred shares, stated, "Our decision to convert the Series C preferred shares is attributable to our continued commitment to help the Company move forward and attain their strategic goals.
James Roser, Manager of the General Partner of The Roser Partnership III, SBIC LP and sole holder of the Series B preferred shares, stated, "Our decision to convert the Series B preferred shares is attributable to our continued commitment to help the Company move forward and attain their strategic goals.
The redemption will be made pro rata from each Preferred Shareholder based on the respective number of Preferred Shares held by each such holder on the redemption date.
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.
As the Preferred Shares will be an "equity instrument" instead of a "financial liability", the cancellation of the Loans and issuance of the Preferred Shares will significantly improve the Corporation's working capital and debt-to-equity ratio.

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