Series A-Preferred Stock

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Series A-Preferred Stock

A preferred stock with rights or privileges distinguishing it from other preferred stock in the same company. That is, a company issues series A preferred stock when it wishes to have several different types of preferred stock. For example, series A preferred stock may have a different guaranteed dividend from series B and series C preferred stock.
References in periodicals archive ?
In the exchange offer, Fairchild will accept for exchange not fewer than 491,531 shares of Series A preferred stock (approximately 50 percent of such shares currently outstanding), and not more than 883,061 shares of Series A preferred stock (approximately 90 percent of such shares currently outstanding).
All shares of Series A Preferred Stock not converted into shares of Patapsco Bancorp, Inc.
In connection with these transactions, the terms of GOGC's Series A Preferred Stock have been amended such that by March 15, 2005, all such stock will either convert into a newly created Series H Convertible Preferred Stock of GulfWest on a one for one basis or into Common Stock at a conversion price of $0.
Nasdaq:AIRN), announced today that it has entered into Preferred Stock Purchase Agreement, effective September 10, 2004, with Oak Investment Partners XI, Limited Partnership ("Oak") pursuant to which the Company will sell 73,000 shares of Series A Preferred Stock to Oak for $29.
the exchange agent for the exchange offer, 8,890 shares of Series A preferred stock, 10,553 shares of Series B preferred stock and 8,584 shares of Series C preferred stock were tendered in exchange for $823,000 aggregate principal amount of the company's new 9.
In addition, the Company announced the redemption of all shares outstanding of its Series A Preferred Stock.
The recapitalization transaction consisted of an exchange offer for all outstanding shares of the company's Series A preferred stock, exchange transactions with the holders of all outstanding shares of its Series B preferred stock and an amendment and restatement of its charter to, among other things, (1) effect a 1-for-4 reverse stock split of its common stock, (2) designate and establish the terms of the Series 1 preferred stock that may be issued in exchange for shares of Series A preferred stock, (3) eliminate the Series B preferred stock following its exchange for common stock and (4) change the manner of election of Price Legacy's board of directors.
This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of the Series A Preferred Stock, Series B Preferred Stock or Series C Preferred Stock of Dynex Capital.
The redemption date of the Series A Preferred Stock will be January 30, 2004 (the "Redemption Date"), and the redemption price will be $25.
Following the initial closing of the Series A Preferred Stock financing, the Company intends to offer holders of all outstanding shares of Common Stock the right to purchase shares of Series A Preferred Stock on terms substantially similar to the terms under which shares have been sold to existing investors.
similar to the terms of the 2003 Series A Preferred Stock