Preferred shares will plummet faster than they should as other holders rush to sell.
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If the government recapitalizes banks by buying their preferred shares, will the economy snap back?
It should be noted that the preferred shares are convertible, with a conversion ratio of 83.668.
Greenlight said it supported two of the proposed amendments, but not the one on preferred shares.
The senior preferred shares will be callable at par after three years, under the Treasury program.
Preferred shares rank higher than ordinary shares when it comes to paying out a company's assets.
It should be noted that the preferred shares are convertible, with a conversion ratio of: 20.
It should be noted that the preferred shares are convertible, with a conversion ratio of 0.846.
Shares of several closed end funds and preferred shares funds cratered beginning at 2pm. with no explanation.
The company has additional warrants and preferred shares, while Mr. Burkle has a seat on the board.
It should be noted that the preferred shares are convertible, with a conversion ratio of 1.7361 to 2.0833.
Mr Einhorn had wanted the iPhone and iPad maker to create a new class of special preferred shares.
In Japan, too, banks have lots of preferred shares in their capital bases.
After giving Buffett notice in March that it would be buying back the preferred shares Goldman did just that.
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That was also when GM acquired the Class A preferred shares that it sold back to Delphi on Thursday.
Some analysts say those preferred shares could be bought and replaced with cheaper debt, such as new preferred shares.
It should be noted that the preferred shares are convertible, with a conversion ratio of 0.4582 to 0.5682 .
In 2010 it sold preferred shares to a unit of Singapore's Temasek Holdings Ltd. and Hopu Investment Management Co.
He has developed and manages two economic indicators, covering preferred shares and housing.
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However, another great way to get access to sound income is by investing in the preferred shares of Public Storage.
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They own preferred shares in many banks, common equity in others and stand ready to inject capital in others still.
Keeping the old preferred shares in place gives any eventual buyer of Strategic the flexibility to make that call for itself.
In a letter to holders included in the release, Einhorn made his case for distributing perpetual preferred shares to existing holders.
Earlier this year, there were 3.25 million shares outstanding and 1.4 million preferred shares convertible into common stock on a one-for-one basis.
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Volume has been minimal, understandably, since the investor group took what amounts to a majority stake upon conversion of the preferred shares.
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Preferred shares produce dependable income when a company is neither booming nor going bust, but is steadily managing to stay ahead of inflation.
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The Journal also reported that these preferred shares will carry a 5 percent annual dividend that increases to 9 percent after five years.
There were other offers including preferred shares, unsecured debt, a special purpose vehicle in the Cayman Islands, and investments in credit default swaps.
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These four companies account for almost 24% of the BRIC ETF, and even more if you include the preferred shares held as well.
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