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 ?
The Third Interim Distribution will be effected pro rata to the holdings of Sterling and Euro Redeemable Participating Preference Shares on the register at the close of business on 14 October 2015 (the "Record Date").
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.
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.
34942060 THUS participating preference shares for every 100 ScottishPower ordinary shares held at 5.
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
As previously announced, fractional entitlements to THUS ordinary shares will not be distributed but will be sold for the benefit of ScottishPower (in the case of fractional entitlements arising from the special dividend effecting the demerger) and THUS (in the case of fractional entitlements arising from the conversion of THUS participating preference shares into THUS ordinary shares).
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.
The Company announces the tap issue of 125,000 Redeemable Participating Preference Shares of [pounds sterling]0.

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