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Auction Market Preferred Stock |
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Auction Market Preferred Stock (AMPS) A type of Dutch Auction Preferred Stock (A Merrill Lynch product). Auction Market Preferred Stock A preferred stock with an adjustable dividend that changes every seven weeks according to the results of a Dutch auction. Every preferred stock has a guaranteed dividend; an auction market preferred stock is distinguished by the fact that the amount of its dividends changes from time to time. An auction market preferred stock is beneficial for some investors because the auction reveals the current market yield every seven weeks, which helps in investment decisions on whether to buy, sell, or hold. It is also called an auction rate preferred stock. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| With respect to Proposal 2, to approve new terms of the Fund's taxable auction market preferred stock to facilitate a rating upgrade, the meeting was adjourned until May 12, 2006, to permit further solicitation of the Auction Market Preferred stockholders. With respect to election of the Auction Market Preferred Stock Directors (Messrs. The Gabelli Dividend & Income Trust (the "Trust") (NYSE:GDV) filed an initial registration statement with the Securities and Exchange Commission for an offering of fixed rate and auction market preferred stock. |
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