remarketed preferred stock

Remarketed Preferred Stock

A preferred stock with an adjustable dividend that changes every so often on the decision of a designated agent. Every preferred stock has a guaranteed dividend; what distinguishes remarketed preferred stock is that the amount of its dividends changes from time to time. A dividend changes so that the preferred stock may always be resold at its original offer price. See also: Auction rate preferred stock.

remarketed preferred stock

A type of preferred stock in which the dividend rate is determined periodically by a remarketing agent. The agent resets the dividend rate so that the preferred stock can be tendered at par or resold at the original offering price. Compare auction-rate preferred stock.
References in periodicals archive ?
The Fund's remarketed preferred stock remains outstanding and continues to pay dividends.
announced that American Municipal Term Trust II (NYSE:BXT) will redeem the remaining outstanding shares of the Remarketed Preferred Stock (preferred stock) in preparation for the anticipated termination and liquidation of BXT on April 15, 2002.
NYSE: AXT) will redeem shares of the Remarketed Preferred Stock (preferred stock) in preparation for the anticipated termination and liquidation of AXT on April 15, 2001.
Earlier this year the company announced plans to redeem $110 million of remarketed preferred stock at Pacific Enterprises and $100 million of auction preferred stock at Southern California Gas Co.