Term:
Other preference shares
Definition:
These will have the rights of standard preference shares but may also be:
- cumulative (i.e., income arrears are carried forward to the next payment date),
- convertible (into ordinary shares),
- redeemable (at a fixed date or contingent on a special event), or
- permanent (not redeemable except at issuer’s option). (Issued in registered form.)
Domain:
Finance
Source:
Coordinated Portfolio Investment Survey Guide, Second Edition, International Monetary Fund, 2002, Washington DC. Appendix VI: Definition and Description of Instruments
