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 ?
As a result, subject to certain conditions described in the prospectus supplement dated November 27, 2012 relating to the issuance of the Series 11 Preferred Shares (the Prospectus), the holders of the Series 11 Preferred Shares have the right, at their option, to convert all or part of their Series 11 Preferred Shares on a one-for-one basis into Non-cumulative Floating Rate Class 1 Shares Series 12 of Manulife (the Series 12 Preferred Shares") on March 19, 2018.
Global Banking News-August 29, 2017--Scotiabank declares dividends on common and preferred shares
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.
As a result, subject to certain conditions described in the prospectus supplement dated November 29, 2011 relating to the issuance of the Series 5 Preferred Shares (the Prospectus), the holders of the Series 5 Preferred Shares have the right, at their option, to convert all or part of their Series 5 Preferred Shares on a one-for-one basis into Non-cumulative Floating Rate Class 1 Shares Series 6 of Manulife (the Series 6 Preferred Shares") on December 19, 2016.
intermediate holding company and class E designation to the non-cumulative preferred shares and innovative tier 1 securities issued in Canada.
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.
HOUSTON -- On September 19, 2006, the Board of Trustees of AIM Select Real Estate Income Fund (the "Fund") (NYSE:RRE) unanimously voted to approve the redemption by the Fund of all of its outstanding Series M, Series W, Series R and Series F Auction Rate Preferred Shares (the "ARPS").
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").
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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