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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Having come out, and come of age, in the 2000s in California, after the urgency of AIDS but long before marriage equality, I found that Pride always felt comfortable like this--a celebration with few serious stakes but plenty of Speedo-clad dancers riding waves of sound atop tinseled floats.
Despite their increased popularity, Black Pride events face the one problem that "mainstream" prides are all but immune to: attracting sponsorship.
Organisers put on the biggest ever Pride Cymru this summer in Cardiff for members of the LGBT+ community.
Dance diva Ultra Nate has played so many pride events globally that she's "lost count!" she notes with a laugh.
An AIDS activist from the early years who sees the Black Pride roots in that movement, Fowlkes says lesbians are critical to Pride.
Having a blast: A reveller at a former Gay Pride event in Birmingham.
BP: We've changed our schedule to a three-day festival and we're going to be booking a lot of local and national talent as we get closer to Pride. However, I think the most important thing we're going to do is continue to provide a safe and comfortable environment for LGBT and allied people to be who they are in a public environment with their friends and family.
Gian Molinu, chair at Pride Cymru, said: "We are thrilled to host our first ever dog show and excited to be collaborating with Dog Trust and help raise funds for a great charity.
The event will conclude with the Stonewall Pride Dance from 8pm-12am.
Baltic Pride has had a troubled past after Latvian offi-cials banned the march in 2009 and last year the festival was suspended in Lithuania after authorities claimed that they could not guarantee the participants' safety.
July 15-17 * San Diego Pride: One World, One Heart, One Pride Festival (sdpride.org)
"Unlike a lot of adult prides--and I'm a huge fan of them--this is not brought to you by liquor and lube," says youth pride coordinator Mark Taggart, 30.