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.
03% of KTF's outstanding remarketed preferred shares had been tendered and approximately 86.
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offer is conditioned upon at least 90% of its outstanding remarketed preferred shares being validly tendered and not withdrawn.
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.
As a result of the remarketing, the remarketed preferred securities will have an accreted value of $35.
Cassidy was Managing Director of Bear Sterns, where he was credited with the development of multiple new products, including, Currency Exchange Warrants (CEW's) and Remarketed Preferred, and was also responsible for the new product planning and development group.
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.
NEW YORK -- DWS Municipal Income Trust (NYSE:KTF), (the "Fund") today announced the postponement of its previously announced intention to redeem approximately 25% of the outstanding shares of the Fund's remarketed preferred securities ("RPS") that was announced on September 12, 2008.
NEW YORK -- DWS Municipal Income Trust (NYSE:KTF), (the "Fund") today announced it has called for redemption approximately 25% of the outstanding shares of the Fund's remarketed preferred securities ("RPS") at the redemption price per share equal to the sum of $5,000 plus accumulated but unpaid dividends.