preferred shares
Noun
Meaning
stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights
Source: WordNetSynonyms
Hypernyms
Hyponyms
Examples
As of the date of this Prospectus Supplement, all of the Fund’s outstanding preferred shares are expected to have asset coverage on the date of issuance of the Series G Preferred Shares of approximately 294%.
This communication is not a recommendation to buy or sell Centrus Series B Preferred Shares or any other securities, and it is neither an offer to purchase nor a solicitation of an offer to sell Centrus Series B Preferred Shares or any other securities.