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