Preferred Stock

Wall Street Journal  Apr 19  Comment 
To help banks address tougher capital requirements in accord with global guidelines, China unveiled fresh rules on their issuance of preferred shares.
DailyFinance  Apr 16  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 04/16/14 -- Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced its intention to redeem all of its $275,000,000 Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 21 ("Preferred Shares Series...
DailyFinance  Apr 7  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 04/07/14 -- 5Banc Split Inc. (TSX: FBS.B)(TSX: FBS.PR.C) announced today that it has declared quarterly dividends of $0.11875 per Class C Preferred Share. In addition a quarterly dividend on its Class B...
DailyFinance  Mar 25  Comment 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/25/14 -- LOMIKO METALS INC. (TSX VENTURE: LMR)(PINKSHEETS: LMRMF)(FRANKFURT: DH8B)(Europe: ISIN:CA54163Q1028, WKN:A0Q9W7) ("Lomiko" or the "Company") has elected to convert 250,000 of its...
DailyFinance  Mar 24  Comment 
EDMONTON, ALBERTA -- (Marketwired) -- 03/24/14 -- Canadian Western Bank (TSX: CWB) today reconfirmed its intention to redeem all of its issued and outstanding non-cumulative 5-Year rate reset First Preferred Shares Series 3 (the "Series 3...
DailyFinance  Mar 20  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 03/20/14 -- Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") and holders of Preferred Shares of Banro...
DailyFinance  Mar 15  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 03/14/14 -- Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") and holders of Preferred Shares of...
DailyFinance  Mar 11  Comment 
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that two municipal bond closed-end funds have filed with the Securities and Exchange...
DailyFinance  Mar 4  Comment 
MONTREAL, QUEBEC -- (Marketwired) -- 03/03/14 -- McWatters Mining Inc. ("McWatters" or the "Corporation") hereby notifies the holders of Class A Preferred Shares in its share capital ("Class A Preferred Shares") that the board of directors of the...


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Preferred Stock, or preferred shares, refer to shares in a company that carry different rights than common stock. Both types of shares represent the holder's stake in a company, however holders of preferred stock have a claim on a company's assets and earnings before the holder of common shares. This means that holders preferred stock will be paid dividends before the any common shareholders and, in the case of liquidation or bankruptcy, the preferred shareholders will have a claim on the assets of a company before the common shareholders.

In the U.S. there are two types of preferred stock: convertible preferred shares and straight preferred shares. Convertible preferred shares give the holder the right, but not the obligation, to exchange their preferred shares for a common stock at a fixed price, after a specific date. Straight preferred shares simply give the holder rights that common shareholders do not have.

These rights can include things like a pre-determined dividend payment (which could be either fixed or floating), or special voting rights. The rights of preferred stock will vary from company to company, but the general idea is that the preferred shareholders pay a premium for the right to the to an earlier claim on a company's assets or earnings. In this sense, preferred shareholders are paying a premium to receive less risky shares in a company.

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