Preferred Redeemable Increased Dividend Equity Security

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Preferred Redeemable Increased Dividend Equity Security

A forward contract to buy a certain security and an interest-bearing deposit at a certain time for a certain price. PRIDES operate much like mandatory convertible bonds, but have different structures. PRIDES allow an investor to receive the interest on the deposit at regular intervals and also take advantage of the underlying security when the forward contract matures. Whoever holds the PRIDES at maturity must purchase the underlying security. They were introduced by Merrill Lynch.
References in periodicals archive ?
The Pride movement is growing across the UK and we had more than 20 brand new Prides this year.
Leaders and organizers of Black Prides are quick to point out that the celebrations are not meant to divide or further ghettoize the LGBT community.
Birmingham Pride has been twinned with Baltic Pride, which is set to be held in Estonia this month.
In May 2006, the company remarketed the senior notes originally associated with the Income PRIDES under the terms of the agreement.
He says cultural difference is the most notable thing that sets them apart from other Prides, as there are workshops and discussions that pertain only to black life and issues.
I feel like pride probably started off 30 years ago similar to the dyke march," says Cat Julia, a 26-year-old organizer of the Chicago event.
We're excited to complete this acquisition and move forward with the Pegasus team," said Kevin Richardson, a managing partner at Prides Capital.
Prides Capital has also increased its ownership in QC to approximately 12% through the recent acquisition of an additional 500,000 shares of QC common stock.
With exciting trends driving demand in pain management and cutting-edge sports medicine, Prides is very pleased to maintain a strong level of support and involvement in such a promising company," Richardson continued.
Davis noted that Prides Capital and the other members of the investment group -- many of whom are existing Pegasus stockholders -- are committed to long-term investing.