preference share

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preference share

a special type of share in a company, which has the characteristic that it confers an entitlement to a specified percentage rate of dividend that is payable in priority to the claims of ordinary shareholders. A company's share capital maybe split between ordinary shares and preference shares. Ordinary shareholders are entitled to the remaining profits that have been appropriated for the payment of dividends.
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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.
When the taxable preferred share rules were first introduced in June 1987, shares subject to the taxable preferred share regime were excluded from the TPS rules.
9 was declared on the cumulative redeemable retractable first preferred shares series N in the amount of $1.
75% Series A-4-1 Perpetual Preferred Shares ("Series A-4-1 Preferred Shares") and $7,500 per share on its 6.
James Roser, Manager of the General Partner of The Roser Partnership III, SBIC LP and sole holder of the Series C preferred shares, stated, "Our decision to convert the Series C preferred shares is attributable to our continued commitment to help the Company move forward and attain their strategic goals.
James Roser, Manager of the General Partner of The Roser Partnership III, SBIC LP and sole holder of the Series B preferred shares, stated, "Our decision to convert the Series B preferred shares is attributable to our continued commitment to help the Company move forward and attain their strategic goals.
The convertible loan may be converted, at the election of the holder, into convertible preferred shares of the Company at a conversion price of $0.
The issuance of the Preferred Shares to More Growth is subject to approval by a majority of the Corporation's disinterested shareholders, which will be sought at the Corporation's annual general meeting scheduled for May 5, 2006.
As consideration for receiving fewer common shares than it would have been entitled to, the Company will issue to BG such number of the new preferred shares as will, at the conversion date, give to BG a number of votes equal to 50 per cent of the then issued and outstanding common shares of the Company (as adjusted to account for the conversion shares).
Notice of redemption of the preferred shares will be sent on or before February 3, 2006 to each shareholder of CFS who has not yet surrendered their share certificates for redemption.
the Company") has issued an additional 75,000 Preferred Shares and 75,000 Class A Shares of the Company for aggregate gross proceeds of $2,175,000.

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