ARPS


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Related to ARPS: ARPA, APRS

ARPS (1)


ARPS (2)

Adjustable-Rate Preferred Stock

A preferred stock paying a dividend that varies from time to time. Usually the dividend rate is the same as the interest rate on a Treasury security, which is adjusted quarterly. They may also be backed by mortgages or mortgage-backed securities. ARPS's tend to have stable prices because a drop in the common share's price is offset by a rise in bonds, and vice versa.
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Arps said he is current on all applicable laws and regulations and is a registered Washington State Bail Bond Agent.
These are followed by a 42-page roundup of the Palomar images from the 1966 atlas, then a similar-length retrospective on Arp, his work, and the redshift controversy.
Although a private letter ruling cannot be cited as a precedent, the logic of this ruling involving CAPs can be used by analogy to analyze and extend the rationale for equity treatment of ARPs and MMPs.
For the Skadden Arps tenant chain, the delays at 4 Times square are so far insignificant, and no one is currently anticipating any scheduling problems.
With the addition of Skadden, Arps, which will begin occupancy in May 2000, more than 1.
Each fund is offering to purchase its outstanding ARPS at a price per share equal to 95% of the ARPS' per share liquidation preference of $25,000 ($23,750 per share) plus any unpaid dividends accrued through the expiration date of the tender offer.
Each fund's tender offer is conditioned upon there being validly tendered and not withdrawn at least 70% of its outstanding ARPS, the successful private placement of new preferred shares, the ARPS holders approval of an amendment to each fund's bylaws to replace Standard & Poor's with Fitch as a rating agency for the ARPS and certain other conditions as set forth in each fund's offer to purchase and related letter of transmittal.
This announcement is not a recommendation, an offer to purchase or a solicitation of an offer to sell ARPS of the funds, nor is it a solicitation of any proxy.
Early 2008 saw funds providing some liquidity to ARPS holders following the auction market crisis that began in February of that year.
Also, over the same time period total ARPS outstanding in taxable CEFs declined to $5.
The Nuveen Funds' ARPS were a form of auction rate securities, which are long-term securities with interest rates or dividend yields that are reset periodically through an auction process.