Participating preferred stock

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Participating preferred stock

Preferred stock that provides the holder with a specified dividend plus the right to additional earnings under specified conditions.

Participating Preferred Stock

A stock, entitling the bearer to part ownership in the issuing company, and also to a certain minimum dividend. The dividend paid may be higher than the minimum depending upon company performance. In any case, these dividends must be paid before any dividends are paid on common stock, and if a company is unable to pay dividends on participating preferred stock, stockholders have the right to force the liquidation of the company. Private equity and venture capital firms often use participating preferred stock as a means of financing their investments. Unlike most other preferred stock owners, participating preferred stockholders sometimes have voting rights in the company. See also: Cumulative preferred stock, Non-cumulative stock, Convertible stock.
References in periodicals archive ?
105207 per Sterling Redeemable Participating Preference Share issued
In connection with the adoption of the Rights Plan, the Company's Board of Directors has designated a new series of Series A Junior Participating Preference Shares, and declared a dividend of one right to buy one one-thousandth of a Series A Junior Participating Preference Share for each outstanding Common Share of the Company to shareholders of record as of the close of business on July 7, 2008.
80346820 THUS ordinary shares for every THUS participating preference share.
80346820 THUS ordinary shares for every THUS participating preference share, resulting in ScottishPower shareholders receiving approximately 3.
At At 31 31 December December % 2010 2009 movement Net Asset Value per redeemable participating preference share 105.
Under certain circumstances, each right will entitle shareholders to buy one one-hundredth of a share of the newly created series A junior participating preference shares of the Company at an exercise price of $50.
As a result of the demerger, and the subsequent conversion of THUS participating preference shares into THUS ordinary shares approved at a THUS extraordinary general meeting yesterday, ScottishPower shareholders have received approximately 53.
The Company announces the tap issue of 150,000 Redeemable Participating Preference Shares of [pounds sterling]0.
Zero Dividend Participating Preference shares 31,336 26,907
The Company announces the tap issue of 100,000 Redeemable Participating Preference Shares of [pounds sterling]0.
Danka Business Systems PLC (NASDAQ: DANKY) and The Cypress Group, LLC (Cypress), a New York based private equity firm, today announced that they entered into a definitive agreement whereby equity investment funds managed by Cypress have agreed to invest $200 million in convertible participating preference shares of Danka.
The Company announces the tap issue of 600,000 Redeemable Participating Preference Shares of [pounds sterling]0.

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