preference share

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Related to Preferred stocks: common stocks, Mutual funds, Convertible Preferred Stocks

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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Over all, Fitch expects that the market performance of junior and junior subordinated deferrable payment hybrids will more closely approximate that of preferred stock and deeply subordinated debt rather than the greater volatility of common stock.
The approach described above differs from Fitch's approach when analyzing a preferred stock or hybrid instrument in the context of its equity and debt capital components in an issuer's capitalization, the topic of Fitch's Exposure Draft.
Equitable will exchange common stock for the Series B Preferred Stock also owned by AXA valued at approximately $292.
AXA acquired Equitable's Series A Convertible Preferred Stock and Series B Preferred Stock, along with common stock, at the time of Equitable's demutualization and initial public offering in 1992.
Each of the preferred stock dividends is payable on July 1, 1992, to shareholders of record on May 22, 1992.