Second-preferred stock

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Second-preferred stock

Preferred stock issue that has less priority in claiming dividends and assets in liquidation than another issue of preferred stock.

Second-Preferred Stock

A preferred stock with a guaranteed dividend that, in the event of liquidation, ranks below another issue of preferred stock. That is, if the company issuing the second preferred stock liquidates itself, a designated issued of preferred stock must have all back dividends paid before the holders of second preferred stock receive anything. However, second preferred stock ranks above all common stock. See also: Absolute priority rule.
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Stern joins the Board as a preferred stock director, filling the second preferred stock directorship vacated in October when Robert Killen and James Sight relinquished the preferred seats so that new directors with greater direct personal stakes in the preferred shares could be elected.
Guy Dove to join the Company's Board as the second preferred stock director.
0625 on its Cumulative Convertible Second Preferred Stock.
C) The Second Preferred Stock and the Series B Preferred Stock were both
Under this election, Griffon will redeem all shares of Second Preferred Stock not submitted for conversion into Common Stock by 5:00 P.
The company's Common Stock and Second Preferred Stock, Series I, will continue to trade on the New York Stock Exchange under the symbols ISY and ISY-PrI, respectively, through Friday, March 3, 1995.
The company has outstanding 33,738,000 shares of Common Stock and shares of Second Preferred Stock, Series I which are convertible into 1,677,000 shares of Common Stock.
Recurring Recurring Total IBIT: Transportation and Distribution: Gas Pipeline Group $ 97 $ $ 97 Portland General 105 105 Wholesale Energy Operations and Services 263 263 Retail Energy Services 7 7 Exploration and Production (A) Corporate and Other 1 1 IBIT 473 473 Interest and Related Charges, net 119 119 Dividends on Preferred Securities of Subsidiaries 19 19 Minority Interests 41 41 Income Tax Provision 35 35 Net Income 259 259 Preferred Dividends: Second preferred stock 4 4 Series A and Series B Preferred Stock (B) 20 20 Earnings on Common Stock $235 $ $235 Average Number of Shares Used: (C) Basic 715.
Recurring Recurring Total IBIT: Transportation and Distribution: Gas Pipeline Group $ 84 $ $ 84 Portland General 84 84 Wholesale Energy Operations and Service 201 201 Retail Energy Services (26) (26) Exploration and Production 31 31 Corporate and Other 26 (39) (13) IBIT 400 (39) 361 Interest and Related Charges, net 152 152 Dividends on Preferred Securities of Subsidiaries 19 19 Minority Interests 17 17 Income Tax Provision (Benefit) 41 (44) (3) Net Income 171 5 176 Preferred Dividends: Second preferred stock 4 4 Earnings on Common Stock $ 167 $ 5 $ 172 Average Number of Shares Used: Basic 661.
Recurring Recurring Total IBIT: Transportation and Distribution: Gas Pipeline Group $ 351 $ $ 351 Portland General 286 286 Wholesale Energy Operations and Services 968 968 Retail Energy Services (119) (119) Exploration and Production 128 128 Corporate and Other 7 (39) (32) IBIT 1,621 (39) 1,582 Interest and Related Charges, net 550 550 Dividends on Preferred Securities of Subsidiaries 77 77 Minority Interests 77 77 Income Tax Provision (Benefit) 219 (44) 175 Net Income 698 5 703 Preferred Dividends: Second preferred stock 17 17 Earnings on Common Stock $ 681 $ 5 $ 686 Average Number of Shares Used: Basic 642.
Core Energy Non- Businesses Services Recurring Total IBIT: Transportation and Distribution: Gas Pipeline Group $ 85 $ $ $ 85 Portland General 52 52 Wholesale Energy Operations and Services 378 378 Retail Energy Services (18) (18) Exploration and Production (A) 33 33 Corporate and Other (23) 13 (10) IBIT 525 (18) 13 520 Interest and Related Charges, net 185 2 187 Dividends on Preferred Securities of Subsidiaries 19 19 Minority Interests 38 38 Income Tax Provision (Benefit) 45 (5) (54) (14) Net Income (Loss) 238 (15) 67 290 Preferred Dividends Second preferred stock 4 4 Series A Junior Voting Convertible Preferred Stock (B) 15 15 Earnings (Loss) on Common Stock $ 219 $ (15) $ 67 $ 271 Average Number of Shares Used: (C) Basic 714.
Core Energy Non- Businesses Services Recurring Total IBIT: Transportation and Distribution: Gas Pipeline Group $ 69 $ $ $ 69 Portland General 61 61 Wholesale Energy Operations and Service 277 277 Retail Energy Services (23) (23) Exploration and Production 25 25 Corporate and Other (4) (4) IBIT 428 (23) 405 Interest and Related Charges, net 130 4 134 Dividends on Preferred Securities of Subsidiaries 19 19 Minority Interests 16 16 Income Tax Provision (Benefit) 77 (9) 68 Net Income (Loss) 186 (18) 168 Preferred Dividends - Second preferred stock 4 4 Earnings (Loss) on Common Stock $ 182 $ (18) $ $ 164 Average Number of Shares Used: Basic 659.