preferred shares


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  • noun

Synonyms for preferred shares

stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights

References in periodicals archive ?
Beneficial owners of Series 11 Preferred Shares who wish to exercise their right of conversion should instruct their broker or other nominee to exercise such right before 5:00 p.
239375 per share on Series 22 preferred shares and CAD0.
In either case, the preferred share issuer would forgo interest deductions in exchange for a reduced "interest rate" paid in the form of a fixed return on preferred shares.
The foregoing conversion right is subject to the conditions that: if, after December 5, 2016, Manulife determines that there would be less than 1,000,000 Series 5 Preferred Shares outstanding on December 19, 2016, then all remaining Series 5 Preferred Shares will automatically be converted into an equal number of Series 6 Preferred Shares on December 19, 2016, and alternatively, if, after December 5, 2016, Manulife determines that there would be less than 1,000,000 Series 6 Preferred Shares outstanding on December 19, 2016, then no Series 5 Preferred Shares will be converted into Series 6 Preferred Shares.
The Fund will redeem 100% (2,050 shares) of its then outstanding Series W Auction Rate Preferred Shares par value $.
30% Series A-2 Cumulative Preferred Shares ("Series A-2 Preferred Shares") and 6.
Charles Johnston, QualMark's President and CEO, stated: "This event follows the conversion of the Series B preferred shares that occurred two weeks prior and completely eliminates all outstanding preferred stock on the QualMark balance sheet.
The conversion of the Series B preferred shares also propels the Company one step closer to meeting listing requirements of a major exchange.
The net proceeds from the placement of the Series B Convertible Preferred Shares to the Company after payment of the 5% cash commission to Axiom and the expenses of the offering, are estimated to be approximately $14.
The Preferred Shares are callable at any time at the liquidation preference of $25.
The financing will consist of both convertible preferred shares and convertible debt.
Fitch also affirms GWO's Long-Term Issuer Default Rating (IDR) at 'AA-' and senior debt ratings at 'A+', along with its preferred shares at 'A'.
5 million in loans made to the Company by More Growth (the "Loans") together with accrued interest will be cancelled in exchange for the issuance to More Growth of approximately 17,990,000 Preferred Shares, Series 2 of the Corporation ("Preferred Shares") at a price of $0.
OTC:PAIM) announced today that the Board of Directors resolved (1) to allow the Preferred shareholders the right to immediately convert 10,000 preferred shares for 1 common share.
In that respect, the Company will create a new class of preferred shares of unlimited number to be designated in the Articles of the Company as Variable Multiple Voting Shares.
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