Participating preferred stock

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Participating preferred stock

Preferred stock that provides the holder with a specified dividend plus the right to additional earnings under specified conditions.

Participating Preferred Stock

A stock, entitling the bearer to part ownership in the issuing company, and also to a certain minimum dividend. The dividend paid may be higher than the minimum depending upon company performance. In any case, these dividends must be paid before any dividends are paid on common stock, and if a company is unable to pay dividends on participating preferred stock, stockholders have the right to force the liquidation of the company. Private equity and venture capital firms often use participating preferred stock as a means of financing their investments. Unlike most other preferred stock owners, participating preferred stockholders sometimes have voting rights in the company. See also: Cumulative preferred stock, Non-cumulative stock, Convertible stock.
References in periodicals archive ?
The Board of Directors today declared a quarterly dividend of 40.50 cents per share on the Participating Preferred Shares and the Subordinate Voting Shares of the Corporation, payable September 30, 2019 to shareholders of record September 9, 2019.
American Homes 4 Rent (NYSE:AMH) on Thursday revealed that it will convert all of the outstanding 7,600,000 of its 5.500% series C participating preferred shares of beneficial interest, of par value of USD0.01 per share (NYSE:AMHPrC), based on the conversion ratio set forth in the Articles Supplementary of the same shares, into 10,848,828 of the company's class A common shares of beneficial interest of USD0.01 par value per share or 1.42747736 class A shares per series C preferred share on 5 April 2018 (the conversion date).
28 April 2014 - Morgan Stanley, Raymond James and Jefferies will serve as joint book-running managers for California-based American Homes 4 Rent's (NYSE: AMH) underwritten public offering of its series C participating preferred shares.
For participating preferred shares, however, the "two class" method shown in Exhibit 1 must be used.
Also, the board approved quarterly distributions of USD0.34375, USD0.40625, USD0.39688, USD0.36719 and USD0.36719 per share on the company's 5.5% series C, 6.5% series D, 6.35% series E, 5.875% series F and 5.875% series G participating preferred shares, respectively.
Barclays currently holds common shares and series B convertible participating preferred shares in BlackRock, which convert into common stock upon a sale.
M2 EQUITYBITES-September 28, 2017-American Homes 4 Rent declares conversion of series A and B participating preferred shares
Also, the board authorised a distribution of USD0.3125 and USD0.34375 per share on on the company's 5.0% series A and 5.0% Series B participating preferred shares, respectively.
Additionally, the board authorised quarterly distributions of USD0.3125 per share each and USD0.34375 per share on the company's 5.000% series A, 5.000% series B participating preferred shares and on the 5.5000% series C participating preferred shares that will also be paid on the same dates as above.
Also, the board authorised a distribution of USD0.3125 per share on the company's 5.000% series A participating preferred shares, USD0.3125 per share on its 5.000% series B shares and USD0.34375 per share on the 5.5000% series C shares, which will also be paid on the same dates as above.
Additionally, the board authorised a quarterly distribution of USD0.3125, USD0.3125 and USD0.34375 per share on each of the company's 5.000% series A, 5.000% series B and 5.5000% series C participating preferred shares, respectively.
Additionally, the board approved a quarterly distribution of USD0.3125, USD0.3125 and USD0.34375 per share on each of the company's 5.000% series A, 5.000% series B and 5.500% series C participating preferred shares, respectively.

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