In either case, the preferred share
issuer would forgo interest deductions in exchange for a reduced "interest rate" paid in the form of a fixed return on preferred shares
ASAS Investment Fund will invest all of the proceeds, excluding proceeds from the sale on any preferred shares
under the exercise of the overallotment option, from the sale of preferred shares
in common shared newly issued by GOL.
In fact, even at the original deduction of 5/2 (250 percent), preferred shares
issued by Canadian corporations would have been subject to additional tax of up to eight percent.
Based on an SEC document, Now is authorized to offer up to 10 million redeemable, convertible and nonvoting preferred shares
at P100 a share.
BANKING AND CREDIT NEWS-September 1, 2017-VersaBank to pay quarterly dividends on Series 1 & Series 3 preferred shares
Under an agreement signed in August 2005, Inspur issued to Microsoft an aggregate of 234,279,559 preferred shares
at an aggregate principal amount of USD25m (equivalent to approximately HKD195m) with Microsoft entitled to receive the dividend at the rate of 6% per annum on the aggregate principal amount of preferred shares
, such dividend was agreed to be paid and satisfied wholly by cash.
Further, the earlier redemption of up to 2,000 shares of the NEA series B MuniFund preferred shares
and up to 2,000 shares of the NVG series A MuniFund preferred shares
has been postponed until a future date.
has obtained board approval to raise as much as P1 billion through an offering of preferred shares
, proceeds from which will fund internet services to be rolled out to residential areas and small businesses in Metro Manila.
BANKING AND CREDIT NEWS-June 2, 2017-VersaBank to pay Series 1 & Series 3 preferred share
The company declared a quarterly dividend of USD0.1597 per Series A First Preferred Share
, USD0.1866 per Series B First Preferred Share
, USD0.25625 per Series C First Preferred Share
, USD0.28125 per Series E First Preferred Share
, USD0.265625 per Series F First Preferred Share
as well as USD0.25507 per Series H First Preferred Share
The preferred share
issuance is cumulative, nonvoting, nonparticipating, nonconvertible, redeemable and peso-denominated with an issue size of 50 million shares at P100 per share.