preference share


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Related to preference share: ordinary shares, cumulative preference share, Preference Share Capital, Participating Preference Share

Preference share

Preferred shares of a corporation that have first claim to preferred dividends.

Preferred Stock

Stock in a publicly-traded company without voting rights, but otherwise with more rights than common shares. Preferred stocks receive dividends before common shares and sometimes have guaranteed dividends, while common shares only receive the leftovers. Preferred stocks also have a prior claim on capital in the event of liquidation; if the company is liquidated, all preferred shareholders must be paid off before a single common shareholder. Some preferred stocks are convertible, which means they can be changed into common shares at a certain ratio so that even preferred shareholders without voting rights have the possibility of gaining them. Preferred stocks tend not to appreciate as fast as common stocks.

preference share

or

preferred stock

a FINANCIAL SECURITY issued to those individuals and institutions who provide long-term finance for JOINT-STOCK COMPANIES. Preference shares pay a fixed rate of DIVIDEND and are generally given priority over ORDINARY SHARES in receiving dividend. In the event of the company being wound up they also have first claim on any remaining ASSETS of the business after all debts have been discharged. Cumulative preference shares are entitled to be paid any arrears of their dividend before ordinary shares receive any dividends.

Certain preference shares, called Participating Preference Shares, entitle holders not only to a fixed dividend rate but also to anadditional distribution of profit in good trading years. Generally, preference SHAREHOLDERS have no voting fights at company ANNUAL GENERAL MEETINGS, though under the terms of a firm's ARTICLES OF ASSOCIATION they may be granted voting rights where their dividends are in arrears. See SHARE CAPITAL.

preference share

or

preferred stock

a FINANCIAL SECURITY issued to those individuals and institutions that provide long-term finance for JOINT-STOCK COMPANIES. Preference shares pay a fixed rate of DIVIDEND and are generally given priority over ORDINARY SHARES in receiving dividend. In the event of the company being wound up (see INSOLVENCY), they also have first claim on any remaining ASSETS of the business after all debts have been discharged. Generally, preference SHAREHOLDERS have no voting rights at company ANNUAL GENERAL MEETINGS. See also SHARE CAPITAL.
References in periodicals archive ?
00 per Preference Share if redeemed prior to December 1, 2018, at $25.
The Series J Preference Shares will commence trading on the Toronto Stock Exchange on April 30, 2004 under the symbol BPO.
iii) the announcement dated 16 December 2009 in relation to the issue of the notice dated 16 December 2009 by the Acquiror to the Preference Share Holders on the extension of the Offer Period to 15 January 2010;
10 of the CRPS Offer Letter, in the event that the Acquiror acquires (within four (4) months after the date of the CRPS Offer Letter) 90% or more of the total number of CRPS (other than those already held by the Acquiror, its related corporations and their respective nominees as at the date of the CRPS Offer Letter) pursuant to the Preference Share Offer, the Acquiror will be entitled to exercise the right of compulsory acquisition under Section 215(1) of the Companies Act at the Preference Share Offer Price.
Preference shares and 7% Second Preference shares in the capital of Shell
10 of the CRPS Offer Letter, in the event that the Acquiror acquires 90% or more of the total number of CRPS (other than those already held by the Acquiror, its related corporations and their respective nominees as at the date of the CRPS Offer Letter) pursuant to the Preference Share Offer, the Acquiror will be entitled to exercise the right of compulsory acquisition under Section 215(1) of the Companies Act at the Preference Share Offer Price.
Triton Energy Limited (NYSE: OIL) announces the declaration of the semi-annual dividend on its 5% convertible preference shares.
On and after the redemption date, the Series A Preference Shares will no longer be deemed to be outstanding, dividends on the Series A Preference Shares will cease to accrue, and all rights of the holders of the Series A Preference Shares will cease, except for the right to receive the redemption price, without interest thereon, upon surrender of the Series A Preference Shares.
When available, a written prospectus for the perpetual non-cumulative preference share offering meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from Lehman Brothers or UBS Investment Bank by contacting Lehman Brothers, c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, NY 11717, email: monica_castillo@adp.
Further, due to a structural feature which caps interest distributions to the preference shares at 14% per annum and amortizes the class C notes with the excess spread, the class C notes have paid down by 60.
8p per B Preference Share representing the dividend accrued on each B Preference Share for the period from Nov.