The dividends on the Series A Preferred Stock
, Series B Preferred Stock
, Series C Preferred Stock
, Series D Preferred Stock
, Series I Preferred Stock
, Series J Preferred Stock
, Series K Preferred Stock
and Series L Preferred Stock
will be paid on November 10, 2014 to preferred shareholders of record on October 26, 2014.
The Taxpayer Relief Act of 1997 amended sections 351, 354, 355, 356 and 1036 of the Internal Revenue Code to, in general, treat certain preferred stock
as "property other than stock" for purposes of the specified sections.
354, 355 and 356 with the treatment of rights to acquire "nonqualified preferred stock
In addition, it appears the transferor could have avoided having the common stock included in his estate by subsequently transferring the retained preferred stock
or eliminating other rights prior to death.
25% Redeemable Cumulative Convertible Perpetual Preferred stock
, Series C (the "Series C Preferred Stock
"), payable February 15, 2007, to shareholders of record at the close of business on February 5, 2007.
Equitable will exchange common stock for the Series A Convertible Preferred Stock
currently owned by AXA.
Dividends on convertible preferred stock
are taken into account to determine income that's applicable to common stock.
Pursuant to the tender offer, the company will first purchase shares of preferred stock
from all holders of "odd lots" of less than 100 shares who properly tendered all of their shares before the expiration date.
Holders of Series F Preferred Stock
may (upon surrender of their stock certificates to First Interstate Bank of California, together with all required documentation) convert any or all of their shares of Series F Preferred Stock
into Common Stock at the conversion price of $24.
From the Redemption Date forward, dividends on the redeemed Preferred Stock
will no longer accrue, and holders of the redeemed Preferred Stock
will have no rights other than the right to receive the Redemption Price, without interest, upon surrender of the redeemed Preferred Stock
In Fitch's view, many of the most common hybrid capital instruments replicate features of preferred stock
As a condition to the closing of the Preferred Stock
Transaction, Viking has completed a conversion of certain outstanding Convertible Notes in the aggregate principal amount of $4,750,000.