remarketed preferred stock

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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.

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.
References in periodicals archive ?
Minnesota Municipal Income Portfolio Inc (NYSE MKT:MXA), a diversified, closed-end management investment company, closed the redemption of all of its outstanding remarketed preferred shares, it said on Friday.
Also, First American Minnesota Municipal Income Fund II Inc (NYSE MKT:MXN) redeemed its outstanding auction rate preferred shares on 2 May 2014, while American Municipal Income Portfolio Inc (NYSE:XAA) will complete the redemption of all of its outstanding remarketed preferred shares today, the company said.