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 ?
The fund will use the proceeds to (1) redeem all 780 outstanding shares of its Series D Remarketed Preferred Stock, liquidation preference $100,000 per share (CUSIP: 23325P500), an aggregate of $78 million, and (2) redeem all 602 outstanding shares of its Series E Remarketed Preferred Stock, liquidation preference $100,000 per share (CUSIP: 23325P609), an aggregate of $60.
The Fund will use the proceeds to redeem all 1,300 outstanding shares of its Remarketed Preferred Stock (RP), liquidation preference $50,000 per share (CUSIP: 23334J206).
DNP's Auction Preferred Stock and Remarketed Preferred Stock (CUSIPs 23325P856, 23325P872, 23325P500 and 23325P609) are now rated A1.
03% of KTF's outstanding remarketed preferred shares had been tendered and approximately 86.
001 per share ("Preferred Stock"), having an aggregate liquidation preference of up to $200,000,000 (excluding accrued and unpaid dividends, fees and expenses)(the "Maximum Tender Amount"), consisting of (i) Preferred Stock, designated Remarketed Preferred Stock, Series D ("Series D RP"), (ii) Preferred Stock, designated Remarketed Preferred Stock, Series E ("Series E RP"), (iii) Preferred Stock, designated Auction Preferred Stock, Series TH ("Series TH APS"), and (iv) Preferred Stock, designated Auction Preferred Stock, Series F ("Series F APS" and, together with the Series D RP, the Series E RP and the Series TH APS, the "Preferred Shares").
Invesco") and the Boards of Trustees (the "Board") of each of the Invesco Van Kampen closed-end funds identified below (the "Funds") today announced that the Board has determined to reject the demands contained in the demand letters received by each Fund related to the Fund's redemption of auction rate preferred shares or remarketed preferred shares ("ARPS").
This announcement is not a recommendation, an offer to purchase or a solicitation of an offer to sell remarketed preferred shares of KTF or auction rate preferred shares of KSM.
KTF's tender offer is conditioned upon at least 90% of its outstanding remarketed preferred shares being validly tendered and not withdrawn.
19 billion to resolve auction market preferred securities (AMPS) and remarketed preferred securities (RP) liquidity issues arising from the auction and remarketing failures caused by last year's credit market dislocations.
Cassidy was Managing Director of Bear Stearns, where he was credited with the development of multiple new products, including Currency Exchange Warrants (CEWs) and Remarketed Preferred, and was also responsible for the new product planning and development group.