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.
Collins Dictionary of Law © W.J. Stewart, 2006
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ENPNewswire-August 29, 2019--VERSABANK TO PAY QUARTERLY DIVIDENDS ON ITS COMMON SHARES AND SERIES 1 AND SERIES 3 PREFERRED SHARES
M2 EQUITYBITES-July 8, 2019-Emera's board authorises quarterly dividends on its common and first preferred shares
The preferred shares will also come with 10 million detachable warrants to be issued free of charge at the ration one preferred share to two detachable subscription warrants with an oversubscription option of another 10 million warrants.
(OTC PINK:BSEM) amended its Certificates of Designation for its Series A-1 Convertible Preferred Shares and its Series B-1 Convertible Preferred Shares.
Sonde Resources Corp(TSX:SOQ)(NYSE Amex:SOQ), a Calgary, Alberta, Canada based energy company engaged in the exploration and production of oil and natural gas, has redeemed all 150,000 of its previously outstanding USD100.00, five percent Cumulative Redeemable Convertible Preferred Shares, Series B.
During a Department of Finance--Tax Executives Institute (TEI) Liaison Meeting, the merits of eliminating the Term Preferred Share (TPS) and related rules (such as the guaranteed preference and collateral preference rules) from the Income Tax Act (the "Act") were discussed.
LONDON, Ontario: VersaBank's Board of Directors declared quarterly cash dividends on its Common Shares (TSX:VB), 7.0% Series 1 Preferred Shares and 7.0% Series 3 Preferred Shares.
(NYSE: VIV)(BOVESPA: VIVT3.ON)(VIVT4.PN) said it has launched an offering of 219,950,615 preferred shares (or up to 7,746,660 preferred shares if the international and Brazilian underwriters' options to purchase additional shares are exercised in full) as part of a global offering.
Brazilian airline GOL Linhas Aereas Inteligentes SA (NYSE:GOL) (Bovespa:GOLL4) announced on Friday that its global offering of 38,005,000 preferred shares, including preferred shares in the form of American depositary shares (ADSs) by the company and ASAS Investment Fund, GOL's controlling shareholder, has been priced.
Also, in 2003, the shareholders approved the elimination of the preferred share dividend as part of an exchange offer that concluded on June 30, 2003.
* Necessity of Administrative Sanction: The Canadian system vests Revenue Canada-Taxation with considerable discretion and too frequently requires confirmation by Revenue Canada-Taxation that a proposed acquisition or restructuring does not contravene either GAAR or subsection 55(2), or that the taxpayer does not have term preferred shares acquired in the ordinary course of business, or taxable preferred shares, or taxable RFI shares, or short-term preferred shares, or guaranteed shares, or collaterized loss preferred shares.

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