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preferred shares

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.preferred shares - stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
stock - the capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity); "he owns a controlling share of the company's stock"
cumulative preferred, cumulative preferred stock - preferred stock whose dividends if omitted accumulate until paid out


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with about a 30 percent stake after the state converts its preferred shares in the banking group into common shares on Saturday.
5469 per Series B Cumulative Redeemable Preferred Share will be paid on or about August 15, 2009, to holders of record of Series B Preferred Shares at the close of business on August 1, 2009.
Dividends on the Auction Preferred Shares to be redeemed will cease to accumulate on the redemption date.
 
 
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