Redeemable


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Redeemable

Eligible for redemption under the terms of an indenture.

Redemption

1. In bonds, the act of an issuer repurchasing a bond at or before maturity. Redemption is made at the face value of the bond unless it occurs before maturity, in which case the bond is bought back at a premium to compensate for lost interest. The issuer has the right to redeem the bond at any time, although the earlier the redemption take place, the higher the premium usually is. This provides an incentive for companies to do this as rarely as possible.

2. The act of the issuing company repurchasing stocks or mutual funds. In the case of mutual funds, the repurchase is made at net asset value per share. Stocks may be redeemed in cash or by proration. See also: Proratable factor.
References in periodicals archive ?
The nature of an obligation to repurchase or redeem stock is the issue raised by mandatorily redeemable preferred stock and put options written on an enterprise's own stock.
The Board of Directors of TransAlta Corporation also declared a quarterly dividend of $0.3125 per share on TransAltas issued and outstanding 5.00% Cumulative Redeemable Rate Reset First Preferred Shares, Series E, payable on June 30, 2017 to shareholders of record at the close of business on June 1, 2017 for the period from and including March 31, 2017 to but excluding June 30, 2017.
The Board of Directors of TransAlta Corporation also declared a quarterly dividend of $0.2875 per share on TransAltas issued and outstanding 4.60% Cumulative Redeemable Rate Reset First Preferred Shares, Series C, payable on December 31, 2016 to shareholders of record at the close of business on December 1, 2016 for the period from and including September 30, 2016 to but excluding December 31, 2016.
The Board of Directors of TransAlta Corporation also declared a quarterly dividend of $0.2875 per share on TransAltas issued and outstanding 4.60% Cumulative Redeemable Rate Reset First Preferred Shares, Series C, payable on September 30, 2016 to shareholders of record at the close of business on September 1, 2016 for the period from and including June 30, 2016 to but excluding September 30, 2016.
Additionally, the board approved fourth quarter cash dividends of USD0.46875 per share on the company's 7.50% series D cumulative redeemable preferred stock; USD0.434375 per share on its 6.95% series F fixed-to-floating rate cumulative redeemable preferred stock; USD0.40625 per share on its 6.50% series G fixed-to-floating rate cumulative redeemable preferred stock; and USD0.507813 per share on its 8.125% series H cumulative redeemable preferred stock.
In accordance with the terms of Annaly's 7.625% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock"), the board of directors of Annaly has declared a Series C Preferred Stock cash dividend for the second quarter of 2017 of USD 0.476563 per share of Series C Preferred Stock.
Contract awarded for acquisition coupons redeemable for national fuel use the ministry of environment and natural resources
RAIT Financial Trust (NYSE: RAS) board of trustees declared a first quarter 2017 cash dividend of USD 0.484375 per share on RAIT's 7.75% Series A Cumulative Redeemable Preferred Shares, USD 0.5234375 per share on RAIT's 8.375% Series B Cumulative Redeemable Preferred Shares and USD 0.5546875 per share on RAIT's 8.875% Series C Cumulative Redeemable Preferred Shares, the company said.
Contract awarded for special provisions for the purchase of 600 fuel coupons redeemable for q.50.00 c / uy 705 coupons redeemable for q 100.00 fuel c / u petrol & diesel
Also, the board authorised a cash dividend of USD0.414063 per share on the company's 6.625% series C cumulative redeemable perpetual preferred stock; USD0.367188 per share on its 5.875% series G cumulative redeemable preferred stock; USD0.460938 per share on its 7.375% series H cumulative redeemable preferred stock; USD0.396875 per share on its 6.350% series I cumulative redeemable preferred stock; and USD0.328125 per share on its 5.250% series J cumulative redeemable preferred stock.
Contract awarded for acquisition coupons redeemable for fuel for vehicle fleet national council of protected areas.