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ARPS

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ARPS

ARPS

Adjustable-Rate Preferred Stock
A preferred stock paying a dividend that varies from time to time. Usually the dividend rate is the same as the interest rate on a Treasury security, which is adjusted quarterly. They may also be backed by mortgages or mortgage-backed securities. ARPS's tend to have stable prices because a drop in the common share's price is offset by a rise in bonds, and vice versa.


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As a result of our acquisition of CWB, Bentley will be able to extend this offer to each of our ARPS (Advanced Routing and Permitting System) users.
The ARPS had been used by the Fund to enhance net income distributable to holders of the Fund's Common Shares.
What we can do with ARPS is phenomenal," says Kathleen Gibson, Permit Office administrator for GDOT.
 
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