Stock whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights.
1The Greek government owns Alpha Bank preference shares worth 940 million euros.
2It will enable the bank to repay the preference shares in full.
3One ICG share unit includes one ordinary share and three redeemable preference shares.
4This happened in April 2012, when Aspen issued perpetual preference shares.
5But Lloyds had power over the board of directors, through the preference shares.
6That investment was done through optionally convertible cumulative redeemable preference shares.
7The Aviva bonds can convert into preference shares at any time.
8The non-cumulative perpetual offshore preference shares have an expected Moody's rating of Ba3.
9Should this be necessary, institutions will have to issue preference shares to the state.
10The state has all of the ordinary shares and most of the preference shares.
11Separately, it said on Tuesday it will convert all preference shares into ordinary shares.
12The issue of noncumulative undated preference shares has been fully underwritten by Merrill Lynch.
13Banco de Valencia says most of its preference shares were sold to institutional investors.
14It can also exchange the bonds for perpetual non-cumulative preference shares at any time.
15The association will also underwrite the bonds and preference shares.
16The preference shares may provide a capital gain when the fund is wound up.
Translations for preference shares