Kembara’s Financial Solutions – What is an Adjustable Rate Preferred Stock?
Adjustable Rate Preferred Stock is a cumulative preference shares / stocks where the dividends are linked to Treasury Bill interest rates. The collar is applied to specified the minimum and maximum rates. The convertible adjusted rate preferred stock can be converted at common price to common stock at specified dates.
0 Comments
Leave a Reply. |
AuthorAnything you need to know about finance, money and business Archives
May 2023
Categories
All
|