preferred shares


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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
References in periodicals archive ?
Moreover, the TPS rules are redundant with other rules in the Act affecting preferred shares, increase the cost of preferred-share financing over debt financing, and add significant complexity to ordinary business transactions.
intermediate holding company and class E designation to the non-cumulative preferred shares and innovative tier 1 securities issued in Canada.
TransCanada's board of directors also declared regular dividend payments on preferred shares for the quarter ending May 1, 1993.
From and after the redemption date, the Preferred Shares will no longer be deemed outstanding, dividends will cease to accrue and all the rights of the Preferred Shareholders with respect to the Preferred Shares will cease, except the right to receive the redemption price.
The Preferred Shares were issued on June 20, 2001 and became callable at any time after June 20, 2006 at the liquidation preference of $25.
15 /PRNewswire/ -- The board of directors of TransCanada PipeLines today declared regular dividend payments on preferred shares for the quarter ending Feb.
NEW YORK -- The Board of Trustees (the "Board") of Charter Mac Equity Issuer Trust, a wholly-owned subsidiary of CharterMac (NYSE:CHC), has declared a dividend of $33,125 per share on its 6 5/8% Series A Cumulative Preferred Shares ("Series A Preferred Shares").
Holders of outstanding preferred shares will be entitled to receive $50 principal amount of debentures in exchange for each preferred share held by them, plus dividends accrued to the exchange date.
DENVER -- QualMark Corporation (OTCBB: QMRK), a world leader in designing, manufacturing and marketing HALT (Highly Accelerated Life Testing), HASS (Highly Accelerated Stress Screening) and electro-dynamic systems, today announced the conversion of all of the outstanding Series C preferred shares into common shares, which eliminates all outstanding preferred stock on the QualMark balance sheet.
DENVER -- QualMark Corporation (OTCBB:QMRK), a world leader in designing, manufacturing and marketing HALT (Highly Accelerated Life Testing), HASS (Highly Accelerated Stress Screening) and electro-dynamic systems, today announced the conversion of all of the outstanding Series B preferred shares into common shares.
AMEX: JDO) ("JED" or the "Company") today announced that it has closed a private placement of 979,663 Series B Convertible Preferred Shares for gross proceeds of $15,675,000.

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