One of the mysteries of the English language finally explained.
A share which entitles the holder to a fixed dividend, whose payment takes priority over that of ordinary share dividends.
- ‘The statement said shareholders may wish to sell for 980 cents per ordinary share and 110 cents per preference share, both of which are to be settled in cash.’
- ‘In 1997 they retained their first preference share but lost more than half their seats because their vote was spread over too many candidates.’
- ‘The bank may seek to raise cash through a preference share issue, possibly to a strategic backer.’
- ‘One would still have to consider the way in which the notional holders of preference shares and ordinary shares would negotiate between themselves the distribution of that allocation.’
- ‘They pressed him to buy back nonvoting preferred shares instead of ordinary shares, which are 53.2 percent more expensive.’
- ‘Although the company does not have a legal obligation to pay dividends, few companies will default on dividend payments on preferred shares.’
- ‘Last week the multinational software company, which is based in Germany, announced that it is converting its preference shares into ordinary shares in order to boost liquidity.’
- ‘Round House membership, which at present stands at 430 members is priced at E35,000 for a redeemable preference share.’
- ‘However, when you start your Open Annuity, you also buy a special preference share in the insurance company operating it.’
- ‘The minimum investment to buy one preference share in the Investment Plan is £500.’
- ‘The extent of the financial difficulties were outlined by Mr Green, who noted that debt and preference share financing currently stood at 7.7 million.’
- ‘He said they would only be granted ordinary shares in the company and not the preferred shares usually granted to venture capital investors.’
- ‘Company head Dan Brown said at the meeting that existing shareholders would have an opportunity to purchase one preference share at $1.00 for every five ordinary share currently owned.’
- ‘Interest cover of 1.8 times is very low but when the preference share issue is taken into account, then it drops to about 1.3 which is dangerously low.’
- ‘Non-merino growers will need to decide whether to convert their preference shares to ordinary shares in Wool Equities as a future investment, or to cash them in.’
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