Retired Securities

Retired Securities

1. A situation in which a firm buys back its own stock. A publicly-traded company may retire its stock in order to reduce the number of shares available, with the hope of driving up the price. Alternatively, it may retire securities in order to prevent one or more shareholders from acquiring too large a stake in the company. See also: Self-tender offer.

2. The removal of debt securities from trade due to their maturity. For example, when a bond issue matures, it is obviously no longer traded. The issue is then said to be retired.
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Jacobson of New York City, a retired securities specialist, and former governor and board member of the New York Stock Exchange
Baker Interests; John Bierbusse, retired securities analyst; Mike Cockrell, chief financial officer of Sanderson Farms; and Rowan H.
He is a retired securities analyst from Merrill Lynch & Company where at the time of his retirement he served as first vice president of equity research.
125% Series E exchangeable preferred stock mandatorily redeemable 2010 (2) 905 1,181 304 308 Zero coupon convertible preferred stock mandatorily redeemable 2013 86 84 -- -- Total mandatorily redeemable preferred stock $ 1,792 $ 2,177 440 447 Total retirements $1,093 $1,091 (1) The difference between the book values of the discount notes at June 30, 2002 and March 31, 2002 is attributable to the book value of the retired securities plus the accretion of the note discount during the second quarter.

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