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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Release date- 28082019 - VersaBank (TSX:VB) today announced that its Board of Directors have declared quarterly cash dividends on its Common Shares (TSX:VB), 7.0% Series 1 Preferred Shares (TSX:VB.PR.A) and 7.0% Series 3 Preferred Shares (TSX:VB.PR.B).
Additionally, the company announced dividends of USD0.1597 per Series A first preferred share, USD0.2205 per Series B first preferred share, USD0.29506 per Series C first preferred share, USD0.28125 per Series E first preferred share, USD0.265625 per Series F first preferred share as well as USD0.30625 per Series H first preferred share.
Petron advised the Philippine Stock Exchange on Friday that following the recent offering, it was issuing 20 million additional preferred shares at P1,000 each.
USD 0.177825 per share on paid-up Class B Preferred Shares Series 26;
Its board of directors has approved the issuance of preferred shares amounting to P15 billion, with an oversubscription option of up to P5 billion.
Dividends on the preferred shares are not cumulative and are not mandatory.
Documents at the SEC show, the firm is selling 5 million redeemable and convertible preferred shares at P100 per share with an oversubscription option of another 5 million shares.
The preferred shares were offered directly and in the form of American depositary shares, or ADSs, each of which represents three preferred shares.
The remaining Series AK Preferred Shares will continue to be listed on the Toronto Stock Exchange under the symbol BCE.PR.K.
(TSX: BCE) (NYSE: BCE) said that 455,302 of its 4,393,775 fixed-rate Cumulative Redeemable First Preferred Shares, Series T have been tendered for conversion on November 1, 2016, on a one-for-one basis, into floating-rate Cumulative Redeemable First Preferred Shares, Series S, the company said.
(OTC PINK:BSEM) amended its Certificates of Designation for its Series A-1 Convertible Preferred Shares and its Series B-1 Convertible Preferred Shares.

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