remarketed preferred stock(redirected from Remarketed Preferred)
Remarketed Preferred Stock
A preferred stock with an adjustable dividend that changes every so often on the decision of a designated agent. Every preferred stock has a guaranteed dividend; what distinguishes remarketed preferred stock is that the amount of its dividends changes from time to time. A dividend changes so that the preferred stock may always be resold at its original offer price. See also: Auction rate preferred stock.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
remarketed preferred stock
A type of preferred stock in which the dividend rate is determined periodically by a remarketing agent. The agent resets the dividend rate so that the preferred stock can be tendered at par or resold at the original offering price. Compare auction-rate preferred stock.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.