Basic is the rule that the right to redeem becomes functus officio on the date of its expiry, and its exercise after the period is not really one of
redemption but a repurchase.
As of 31 May 2019, the total number of shares amounts to 71,792,620, of which 35,896,310 are ordinary shares and 35,896,310 are
redemption shares.
Planning tip: In most cases, a
redemption that qualifies for sale treatment will be preferable to one taxed as a dividend.
The aforesaid decision was taken in light of the practical difficulties faced by companies regarding utilization of the
redemption reserve.
Redemption was not intended to be a school for misfits.
It seemed clear that
redemption is communal, not a solo activity.
The Federal Reserve Board on September 23, 2004, announced that it has revised its Policy Statement on Payments System Risk concerning interest and
redemption payments on securities issued by government-sponsored enterprises (GSEs) and certain international organizations.
has called for the
redemption of the Company's remaining outstanding 7 5/ 8% Series A convertible cumulative preferred stock on October 15, 2004, at a
redemption price of $25.7625 per share of Series A preferred stock, plus accumulated and unpaid dividends to the
Redemption Date of $0.3918 per share.
Piracy, Slavery, and
Redemption makes available to scholars and students seven complete annotated narratives of early modern Englishmen who were "delivered" from captivity and enslavement under North African Muslims.
At that time, the Commission amended Regulation S-X to modify the financial statement presentation of preferred stocks subject to mandatory
redemption requirements or whose
redemption is outside the control of the issuer.
The Feast of the World's
Redemption: Eucharistic Origins and Christian Mission.