Canadian Originated Preferred Securities

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Canadian Originated Preferred Securities

A security that combines aspects of preferred stock and long-term debt issues. It is structured as a bond and pays interest instead of dividends, but provides higher yields than Canadian bonds. COPrS are subordinated to other debt but are ahead of preferred stock. The interest may be stopped for up to five years, but only if dividends for common stock have been stopped first. They are taxable investments.
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References in periodicals archive ?
He assured Jansher Khan that the Frontier Coprs will continue playing its sincere role for launching and promoting squash activities and academies throughout the whole province including all district tribal areas.
He then completed two years (1952 to 1954) of active service in the Army Medical Coprs (serial #01873426) at the Walter Reed Army Hospital and Fort Bragg Hospital, where he served as Chief of Physical Medicine and Rehabilitation.
include funds reported in the COPRS system for the PEPFAR program.
National Job Coprs Study: Methodological Appendixes on the Impact Analysis.
Section 404 of this act requires a permit from the Corps of Engineers (Coprs) prior to filling wetlands.