remarketed preferred stock

Remarketed Preferred Stock

A preferred stock with an adjustable dividend that changes every so often on the decision of a designated agent. Every preferred stock has a guaranteed dividend; what distinguishes remarketed preferred stock is that the amount of its dividends changes from time to time. A dividend changes so that the preferred stock may always be resold at its original offer price. See also: Auction rate preferred stock.

remarketed preferred stock

A type of preferred stock in which the dividend rate is determined periodically by a remarketing agent. The agent resets the dividend rate so that the preferred stock can be tendered at par or resold at the original offering price. Compare auction-rate preferred stock.
References in periodicals archive ?
The fund will use the proceeds to (1) redeem all 780 outstanding shares of its Series D Remarketed Preferred Stock, liquidation preference $100,000 per share (CUSIP: 23325P500), an aggregate of $78 million, and (2) redeem all 602 outstanding shares of its Series E Remarketed Preferred Stock, liquidation preference $100,000 per share (CUSIP: 23325P609), an aggregate of $60.
The Fund's remarketed preferred stock remains outstanding and continues to pay dividends.
The Fund will use the proceeds to redeem all 1,300 outstanding shares of its Remarketed Preferred Stock (RP), liquidation preference $50,000 per share (CUSIP: 23334J206).
announced that American Municipal Term Trust II (NYSE:BXT) will redeem the remaining outstanding shares of the Remarketed Preferred Stock (preferred stock) in preparation for the anticipated termination and liquidation of BXT on April 15, 2002.
DNP's Auction Preferred Stock and Remarketed Preferred Stock (CUSIPs 23325P856, 23325P872, 23325P500 and 23325P609) are now rated A1.
NYSE: AXT) will redeem shares of the Remarketed Preferred Stock (preferred stock) in preparation for the anticipated termination and liquidation of AXT on April 15, 2001.
001 per share ("Preferred Stock"), having an aggregate liquidation preference of up to $200,000,000 (excluding accrued and unpaid dividends, fees and expenses)(the "Maximum Tender Amount"), consisting of (i) Preferred Stock, designated Remarketed Preferred Stock, Series D ("Series D RP"), (ii) Preferred Stock, designated Remarketed Preferred Stock, Series E ("Series E RP"), (iii) Preferred Stock, designated Auction Preferred Stock, Series TH ("Series TH APS"), and (iv) Preferred Stock, designated Auction Preferred Stock, Series F ("Series F APS" and, together with the Series D RP, the Series E RP and the Series TH APS, the "Preferred Shares").
to replace with debt leverage the $100 million in leverage formerly represented by the 1,000 shares of its Series B Remarketed Preferred Stock that the fund redeemed earlier this month.
The purpose of the meeting was to receive an update from the Funds' management and legal counsel on developments relating to the Funds' remarketed preferred stock and auction preferred stock that have occurred since the Boards' last discussion of the issue at their February 2008 meetings.
a registered closed-end investment company (the "Fund"), approved the redemption by the Fund of all of its outstanding Series A Remarketed Preferred Stock as of December 14, 2006.
Earlier this year the company announced plans to redeem $110 million of remarketed preferred stock at Pacific Enterprises and $100 million of auction preferred stock at Southern California Gas Co.
If the proceeds exceed this obligation, the remarketing agent may deduct a remarketing fee not to exceed 25 basis points of the aggregate liquidation preference of the remarketed preferred stock.