nonvoting stock

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Nonvoting stock

A security that does not entitle the holder to vote on the corporation's resolutions or elections.

Nonvoting Stock

Stock in a publicly-traded company that does not give the holder the right to vote at the company's annual meeting. Nonvoting stock usually has other rights associated with it to compensate for the lack of ability to vote. For example, most preferred stock is nonvoting, but preferred stock has a guaranteed dividend, while most voting stock does not.

nonvoting stock

Stock in which the holder has no vote in the election of directors, the appointment of auditors, or other matters that may be brought up at the annual meeting. Corporations sometimes create a special class of nonvoting stock to restrict corporate control only to certain groups. Most preferred stock is nonvoting. Compare voting stock.
References in periodicals archive ?
74 per Class A voting and Class B non-voting share of the company.
32 per share on all outstanding Class A Voting and Class B Non-Voting share, to be paid on 1 April 2010 to shareholders of record as of 5 March 2010.
Under the terms of the agreement Call-Net Common and Class B shareholders will receive a fixed exchange ratio of one RCI Class B Non-voting share for each 4.
In accordance with applicable corporate laws, the TELUS proposal will require approval from two-thirds of its non-voting share votes cast at the meeting, as the non-voting shares are being exchanged for common shares.
subsidiary has completed "modified Dutch auction" to purchase a portion of the outstanding non-voting shares of TFG for a maximum aggregate payment of USD 50m in cash, the company said.
LN) has reported the final results of the modified Dutch auction tender offer by its subsidiary, Tetragon Financial Group Master Fund Limited to purchase a portion of the outstanding non-voting shares of TFG for a maximum aggregate payment of USD60 million in cash.
A total of 442,280,855 Class B Non-Voting Shares of Shaw were issued and outstanding as at November 30, 2014.
Telus' (TSX: T) non-voting shares, which were exchanged on a one-for-one basis effective February 4, 2013 in a court-approved plan of arrangement, were delisted from the Toronto Stock Exchange (TSX) on February 8, 2013.
Copa Holdings SA, the parent company of Compania Panamena de Aviacion SA (Copa Airlines), has announced that Compania de Inversiones Aereas SA (CIASA) and Continental Airlines (NYSE: CAL), its selling shareholders, have priced an initial public offering of 15,750,000 shares of Class A non-voting shares at USD20 per share.