first preferred stock

First preferred stock

A type of preferred stock that has priority over other preferred issues and common stock when claiming dividends and assets.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

first preferred stock

A class of preferred stock with a preferential claim over common stock and other preferred stock from the same issuer with respect to dividends and assets.
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.
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The bank also said that it has declared dividends on the series of its non-cumulative redeemable class-A first preferred stock. These dividends will be payable on and after July 31, 2016, to shareholders of record as on July 8, 2016.
The board of directors of Nova Scotia Power Inc (TSX:NSI.PR.D) that provides electricity generation, transmission and distribution services, authorised a series D first preferred stock dividend of USD0.36875 per share for the fourth quarter, the company declared on Wednesday.
Power Financial expects to raise CAD250m (USD249m/EUR190m) in gross proceeds from the sale of 10m pieces of its series R, non-cumulative first preferred stock. The company has upsized the deal due to solid demand.
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