| 单词 | preferred shares |
| 例句 | In addition to the common Occidental shares Berkshire owns, it also holds 84,897 preferred shares of Occidental that it picked up in 2019 when it helped finance Occidental’s acquisition of Anadarko. Warren Buffett’s company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys 2023-10-26T04:00:00Z Once AMC is able to convert the preferred shares, the two share classes are expected to merge. Bearish traders swarm AMC options as stock conversion plan faces doubts 2023-07-28T04:00:00Z Berkshire used to hold more of those preferred shares, but Occidental has started redeeming them this year at $110,000 apiece to eliminate the hefty dividend the oil producer has to pay on them. Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer 2023-06-29T04:00:00Z But its decision to suspend dividends on its preferred shares shows the bank is clearly focused on managing cash. Why First Republic Has Not Done a Deal 2023-04-24T04:00:00Z The preferred shares have lost more than 70% since they were issued in August as part of a plan to pay down the company's debt. AMC slumps as lawsuit settlement opens door to capital raise 2023-04-04T04:00:00Z The preferred shares have lost over 70% since they were issued in August as part of a plan to pay down the company's debt. AMC stock slumps, 'APEs' jump after litigation deal 2023-04-03T04:00:00Z The fixing date for dividends for ordinary and preferred shares is May 11, Gref said. Russia's Sberbank recommends record dividend payout - CEO 2023-03-17T04:00:00Z The preferred shares, which trade under the symbol "APE," have lost over 70% since they were issued in August as part of a plan to pay down the company's debt. AMC tumbles as shareholders approve plan to convert APE preferreds 2023-03-14T04:00:00Z Shareholders are scheduled to vote on March 14 over whether to convert preferred shares to common shares and authorize AMC to increase its common stock. AMC shares up as judge sets April hearing in shareholder case 2023-02-27T05:00:00Z AMC last year created preferred shares, which trade on the New York Stock Exchange under the symbol "APE." AMC shareholders sue company over vote to add shares 2023-02-21T05:00:00Z That December, Zhao signed a purchase agreement for Merit Peak to invest $1 million into Binance.US operator BAM Trading's holding company in return for a portion of the holding company's preferred shares. Exclusive: Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao 2023-02-16T05:00:00Z AMC created its preferred shares last August and gave them to its investors for free in the form of a stock dividend. Analysis: AMC sets unusual shareholder vote for meme stock sale approval 2023-02-01T05:00:00Z Volkswagen said in a statement that it aimed to sell preferred shares in Porsche at €76.50 to €82.50, potentially yielding as much as €9.4 billion in proceeds. Volkswagen Sets Price Range for Porsche’s Blockbuster I.P.O. 2022-09-19T04:00:00Z The valuation translates into a pricing range of 76.50 euros to 82.50 euros apiece for the preferred shares of Porsche that are to be sold as part of the listing, the source said. Exclusive: Volkswagen targets 70-75 billion euro valuation in planned Porsche IPO 2022-09-18T04:00:00Z The company is poised to hold a shareholder vote in March that would convert preferred shares to common shares and authorize it to increase its common stock count tenfold. AMC shareholders sue company over vote to add shares 2023-02-21T05:00:00Z Volkswagen AG said on Monday it will pursue an initial public offering of the preferred shares of Porsche AG and will list them in Frankfurt. Dollar pauses broad rally, bulls still solidly positioned 2022-09-06T04:00:00Z AMC tried to boost the popularity of the preferred shares with investors ahead of their launch. Explainer: How meme stock darling AMC's new preferred shares work 2022-08-23T04:00:00Z The American movie chain said its preferred shares, intended as dividend, will have the same voting rights as AMC common stock and could be used for raising capital in the future. Meme stocks fall with AMC, Bed Bath in red 2022-08-22T04:00:00Z The bulk of the amount is attributed to ordinary shares - 1.85 billion euros - while the rest will be in preferred shares. BMW to start 2 bln euro share buyback programme in July 2022-06-30T04:00:00Z The pension fund asked the Delaware Chancery Court to declare the preferred shares invalid and ban the holders of the preferred shares from voting. AMC shareholders sue company over vote to add shares 2023-02-21T05:00:00Z It also returned 70% of principal to investors who bought the Series B and Series C preferred shares, the papers showed. Ex-CEO of Silicon Valley mobile app startup HeadSpin charged with fraud 2021-08-25T04:00:00Z Here is what you need to know about AMC's new preferred shares. Explainer: How meme stock darling AMC's new preferred shares work 2022-08-23T04:00:00Z Apollo Funds will receive 44 million shares of Synnex common stock and the refinancing of existing Tech Data net debt and redeemable preferred shares of about $2.7 billion. Synnex Corp to merge with Tech Data in $7.2 billion deal 2021-03-22T04:00:00Z He and his father directly or indirectly own 16 percent of Ashford Inc.’s common stock, which would jump to 70 percent if they converted their preferred shares, based on the company’s 2019 annual filing. Hotelier’s Push for $126 Million in Small-Business Aid Draws Scrutiny 2020-05-01T04:00:00Z Bennett also owns “a large portion” of preferred shares in Ashford, for which dividends were halved in the first quarter, the statement said. Some businesses won’t return funds despite pressure from Trump administration 2020-04-28T04:00:00Z Berkshire Hathaway’s $10 billion investment provided it with warrants for 80 million common shares in addition to an 8% dividend on preferred shares received for its support for the Anadarko Petroleum acquisition. Occidental shareholders get first say on Anadarko deal with vote on Berkshire financing 2020-04-17T04:00:00Z The preferred shares are a new class of shares that were given to holders of AMC's common stock this month as a dividend. Explainer: How meme stock darling AMC's new preferred shares work 2022-08-23T04:00:00Z Under TARP, the American government injected nearly $250 billion into the country’s banks in return for preferred shares and warrants. As Germany reels from coronavirus, some officials debate impact on banks 2020-04-06T04:00:00Z Page and Brin, both 46, will remain directors of the parent company and still control it through their ownership of preferred shares. Sole CEO means simpler business for Alphabet: analysts 2019-12-04T05:00:00Z Recent Peak Resorts public disclosures show that Cap 1 and the Sacklers held common stock, preferred shares and warrants allowing for the purchase of additional stock, equal to 54 percent of the company’s shares. Purdue Pharma family profits from sale of ski resorts in regions plagued by opioid addiction 2019-09-29T04:00:00Z Such payouts would be in addition to the hefty 7% annual dividend paid to the fund’s preferred shares holders regardless of performance. SoftBank to pump second Vision Fund with proceeds from the first... 2019-07-30T04:00:00Z The preferred shares have the same voting power and right to a dividend as common shares. Explainer: How meme stock darling AMC's new preferred shares work 2022-08-23T04:00:00Z The Treasury owns warrants representing nearly 80% of the common stock in the companies, as well as preferred shares. Factbox: Fannie, Freddie and the government: it's complicated 2019-07-26T04:00:00Z Hollub told shareholders at the company’s annual meeting that with the sale of preferred shares, “timing was critical.” Occidental Petroleum CEO defends premium for Berkshire Hathaway... 2019-05-10T04:00:00Z Berkshire will own Oxy preferred shares that pay an 8 percent annual premium. Chevron gives up fight for shale-rich Anadarko; walks away with $1 billion breakup fee 2019-05-09T04:00:00Z Occidental’s bid includes a pricey financing deal with billionaire Warren Buffett, whose Berkshire Hathaway would receive preferred shares paying an 8 percent dividend. Occidental investor set to vote against board due to Anadarko bid 2019-05-06T04:00:00Z While it did not gain any proceeds from the issuance, AMC said it may sell preferred shares from now on, using the current listed preferred shares' trading price as a benchmark. Explainer: How meme stock darling AMC's new preferred shares work 2022-08-23T04:00:00Z It trumped Chevron’s bid last week, and its offer now includes $10 billion in financing from Buffett’s Berkshire Hathaway Inc in exchange for preferred shares that would pay an 8 percent dividend. Occidental shareholders criticize bid for Anadarko, Buffett financing 2019-05-02T04:00:00Z After Vungle dismissed Jaffer, its major shareholders voted to convert their preferred shares to common shares, said a person familiar with the situation, who asked not to be identified because the information was private. Cleared of bizarre crimes, startup CEO seeks redemption and $100 million 2019-03-13T04:00:00Z Several of the funds own different classes of preferred shares. Popular Hedge Fund Bet on Fannie and Freddie Is Paying Off Big This Year 2019-01-26T05:00:00Z Earlier this year, Sharp unveiled a plan to issue up to $2 billion in new shares to buy back preferred shares that it issued to banks in return for a bailout in 2015. Sharp lifts annual profit outlook, to retire some preferred shares 2018-10-30T04:00:00Z AMC said its board can authorize the issuance of up to 5 billion preferred shares but it has so far approved only 1 billion. Explainer: How meme stock darling AMC's new preferred shares work 2022-08-23T04:00:00Z Sears went public with preferred shares selling at $97.50 each, or more than $2,500 now. Sears Went From Gilded-Age Boom to Digital-Age Bankruptcy 2018-10-15T04:00:00Z The plan would allow all rights holders to purchase preferred shares that are equivalent to the retailer’s common stock at a 50% discount. Barnes & Noble Evaluates Possible Sale 2018-10-03T04:00:00Z The plan would prevent any party from accumulating 20 percent or more of its common shares by automatically offering preferred shares at a 50 percent discount to other shareholders. Barnes & Noble opts for strategic review after takeover interest 2018-10-03T04:00:00Z The company said on Tuesday that while the original issuance plan was called off, it still wanted to buy back the preferred shares due to higher dividend payments and risk of eventual dilution. Sharp lifts annual profit outlook, to retire some preferred shares 2018-10-30T04:00:00Z It has issued 516.8 million preferred shares this month, leaving it with 483.2 million it may sell in the near term. Explainer: How meme stock darling AMC's new preferred shares work 2022-08-23T04:00:00Z If SoftBank leads an equity round of at least $1 billion, the notes will convert into preferred shares at whatever valuation the investor sets. WeWork Raises $1 Billion in Debt From SoftBank as Revenue Doubles 2018-08-09T04:00:00Z Silver Lake, known for its investments in technology and media companies, would invest through convertible preferred shares, a hybrid instrument between debt and equity. Private-Equity Firm Silver Lake Offers to Invest $500 Million in iHeartMedia 2018-07-18T04:00:00Z The company said it would continue to discuss with the banks to dissolve the preferred shares. Japan's Sharp ditches $2 billion share issue plan after investor... 2018-06-29T04:00:00Z Specifically, Uber’s board agreed to remove the special voting power carried by two categories of Uber stock: Class B common shares and preferred shares. Uber’s board approves changes to reshape company’s balance of power 2017-10-03T04:00:00Z AMC had warned that its common shares would drop as soon its preferred shares started trading on Monday because the stock dividend that delivered the preferred shares to investors acted as a stock split. Explainer: How meme stock darling AMC's new preferred shares work 2022-08-23T04:00:00Z On Tuesday, Uber’s board agreed to remove the special voting power carried by two categories of Uber stock, the class B common shares and the preferred shares. Uber’s Board Approves Changes to Reshape Company’s Power Balance 2017-10-03T04:00:00Z Convertible preferred shares typically pay interest, and get paid before common equity. Private-Equity Firm Silver Lake Offers to Invest $500 Million in iHeartMedia 2018-07-18T04:00:00Z The American investors, whose precise financial contributions were not disclosed, will receive preferred shares that do not carry voting rights, Toshiba said. Toshiba Reaches Deal With Bain-Apple Group to Sell Chip Business 2017-09-28T04:00:00Z Warren Buffett indicated earlier this year that 11 cents would be enough to entice his investment firm, Berkshire Hathaway, to switch its preferred shares, which yield a fixed sum, into common stock. America’s banks pass the Federal Reserve’s tests 2017-06-29T04:00:00Z The investment authority filed for arbitration in 2009, accusing Citigroup of fraudulently inducing its investment, in part by issuing preferred shares to other investors that diluted its stake. Abu Dhabi fund loses crisis-related arbitration against Citigroup 2017-03-29T04:00:00Z Swedish car company Volvo Car Corp. is seeking to raise around $1 billion through the sale of preferred shares ahead of a potential initial public offering, according to people familiar with the situation. Volvo Cars Seeks Around $1 Billion Share Sale 2017-03-16T04:00:00Z Opera received $80 million cash and preferred shares equivalent to 30 percent of Opera TV's common equity. Opera Software to develop remaining business rather than sell: CEO 2016-12-20T05:00:00Z The loss of dividend from the preferred shares wont be too much of a hit for Berkshire, which ended September with $84.8 billion of cash. Dow Chemical to convert $4 billion of preferred shares into equity 2016-12-15T05:00:00Z To qualify for relief, Mr. Hensarling wants banks to maintain “tangible equity,” defined in the proposal as Tier 1 common equity plus preferred shares, equivalent to 10% of total assets and exposures. Don’t Bank on Relief for These Lenders 2016-11-24T05:00:00Z Mr. Deason sued Xerox earlier this month, arguing that his preferred shares in the parent company entitled him to similar equity in the spun-off businesses. Xerox Settles Suit With Major Shareholder 2016-10-28T04:00:00Z As part of the arrangement, Berkshire received preferred shares worth about $2.1 billion, which paid a 5 percent annual dividend, and $4.4 billion worth of bonds that carried a hefty 11.45 percent interest rate. Mars Cashes Out Warren Buffett to Take Control of Wrigley 2016-10-06T04:00:00Z His suit claims Xerox would turn some of that—$300 million worth of preferred shares—into a stake in the legacy business instead of in Conduent. Xerox’s Largest Individual Shareholder Sues to Block Split of Company 2016-10-13T04:00:00Z The fresh financing is debt that converts to preferred shares if the company raises another round of equity financing. Hyperloop One Raises $50 Million in Fresh Funding, Hires Senior Finance Executive 2016-10-13T04:00:00Z They examined the behavior of common shares, preferred shares, options, credit default swaps and various valuation yardsticks. Future of Banking Looks Dark—Why That’s a Problem 2016-10-12T04:00:00Z One response he sees is investment in preferred shares, which pay regular coupons like bonds but also trade on exchanges. Where Investors Can Look for Yield 2016-08-26T04:00:00Z The dividends that those preferred shares paid Berkshire were hefty, rising to as high as 10 percent. Mars Cashes Out Warren Buffett to Take Control of Wrigley 2016-10-06T04:00:00Z Mr. Dell’s firm, MSD Capital, will own preferred shares in the sports league, which will essentially pay out interest. U.F.C. Sells Itself for $4 Billion 2016-07-11T04:00:00Z "The dividend and the preferred shares together reflect the power dynamics between the two companies. It's an ongoing reminder to Care.com that Alphabet is not planning to be a passive investor." Alphabet May Be Turning Into the Next Berkshire Hathaway 2016-07-07T04:00:00Z The preferred shares pay an annual interest rate of 5.5 percent. Google Capital Ventures Into Public Companies With Care.com 2016-06-29T04:00:00Z REITs and MLPs, as well as preferred shares, can experience price fluctuations, and they don't guarantee returns like bonds, Jacobs notes. Where Investors Can Look for Yield 2016-08-26T04:00:00Z Because those investors will be purchasing common shares, rather than preferred shares which grant certain investor protections, the employee stock sale is expected to value Airbnb at less than $30 billion, the people said. Airbnb Plans Dual Stock Sales to Push Off IPO 2016-06-29T04:00:00Z Oi's preferred shares jumped 10 percent in early trading, while common shares gained 4 percent, both erasing nearly half of their Tuesday declines on hopes the company could navigate Brazil's cumbersome bankruptcy process. Brazil judge grants 180-day stay for Oi in record bankruptcy case 2016-06-22T04:00:00Z Oi's common and preferred shares plunged around 20 percent on Tuesday, the day after the filing. Oi rivals seen gaining while bankruptcy puts Brazil M&A hopes on hold 2016-06-21T04:00:00Z “Theranos investors own preferred shares, which means they get paid back before Holmes, who owns common stock.” Forbes downgrades Elizabeth Holmes, Theranos founder, to $0 net worth 2016-06-01T04:00:00Z Startup investors typically receive preferred shares giving them certain rights over common stockholders. Snapchat Valuation Nears $18 Billion 2016-05-26T04:00:00Z The preferred shares allow Energy Transfer insiders to accept that decision with less personal financial pain. Energy Transfer Could Soar if It Plays Nice With Williams 2016-05-05T04:00:00Z Platinum later acquired preferred shares that eventually gave it majority control – and paid annual dividends of 20 percent or more, according to securities filings and an external valuation report reviewed by Reuters. Special Report: A top hedge fund manager that's too hot for some to handle 2016-04-13T04:00:00Z The total amount that Foxconn pays may increase later after it buys preferred shares from Sharp’s creditor banks. Foxconn and Sharp Approve $3.5 Billion Takeover Deal 2016-03-30T04:00:00Z At the same time, Overstock, an online retailer, will issue new preferred shares traded on traditional exchanges. Overstock to issue stock to be traded on blockchain platform 2016-03-16T04:00:00Z The offering comprises what WeWork is referring to as both Series F and Series F Prime convertible preferred shares, both of which are priced at just over $50.19 a piece. WeWork Is Getting a Massive New Funding Round 2016-03-10T05:00:00Z The loss for this quarter included a charge of 14 cents per share due to a stock dividend for holders of one class of preferred shares in the company. Dorsey-led Square's revenue beats in first quarterly report since IPO 2016-03-09T05:00:00Z It wasn’t immediately clear how much Foxconn is willing to pay creditors for the preferred shares under revised terms. Sharp-Foxconn Talks Center on Revised Terms for Creditors 2016-03-04T05:00:00Z Startup investors typically receive preferred shares when they invest, meaning they receive certain rights over common stockholders. Snapchat Raises $175 Million From Fidelity at Flat Valuation 2016-03-04T05:00:00Z Overstock said its stockholders would be allowed to choose between the common stock to be traded on t0.com or the preferred shares. Overstock to issue stock to be traded on blockchain platform 2016-03-16T04:00:00Z Also, Foxconn would spend another chunk of cash on Sharp’s preferred shares and other ventures. Winning Sharp Would Bring Foxconn Display Problems 2016-02-26T05:00:00Z An Abbott Laboratories spokeswoman said the deal includes the impacts of restricted stock units, options and preferred shares. Abbott Labs to Acquire Diagnostics-Testing Company Alere 2016-02-01T05:00:00Z These two banks swapped ¥200 billion of Sharp debt for preferred shares in July as part of a rescue plan. In Battle for Sharp, Apple Looms Large 2016-01-22T05:00:00Z The hedge fund's stake is in the form of preferred shares that are convertible into Avon common stock at $5 per share. Shareholder Cerberus says Avon has no liquidity concerns 2016-01-21T05:00:00Z Cerberus’s investment in Avon will be in the form of preferred shares that are convertible into common shares at $5 apiece. Cerberus Executive Defends Deal With Avon 2016-01-22T05:00:00Z The preferred shares are convertible into common shares at a price per share that reflects the valuation of the company at the time of the investment. Expect Some Unicorns to Lose Their Horns, and It Won’t Be Pretty 2016-01-19T05:00:00Z In contrast, investors in Good, who owned a class of stock called preferred shares, walked away with millions because their preferred stock was valued at more than $3 a share. Daily Report: The Perils Facing Tech Start-Up Employees 2015-12-24T05:00:00Z When institutional investors put money into companies backed by venture capital, they typically end up owning a type of stock called preferred shares. Common Stock Ownership Spreads Among Start-Up Investors 2015-12-27T05:00:00Z In Good’s case, the six investors on the board had preferred shares worth a combined $125 million. When a Unicorn Start-Up Stumbles, Its Employees Get Hurt 2015-12-23T05:00:00Z Dow shareholders would own 52 percent of the new company after preferred shares are converted, the companies said. Dow, DuPont set $130 billion megamerger, could spark more deals 2015-12-11T05:00:00Z Employees and founders often hold common shares that sit below preferred shares held by the venture capitalists. Expect Some Unicorns to Lose Their Horns, and It Won’t Be Pretty 2016-01-19T05:00:00Z André Esteves, who resigned as the bank’s chairman and CEO on Sunday, swapped all his voting shares in the bank for preferred shares with no voting rights and didn’t receive any cash. Brazilian Bank BTG Gets $1.6 Billion Credit Line 2015-12-04T05:00:00Z The preferred shares are convertible to regular stock at $30, they added. Blackstone Nears Deal to Take Minority Stake in ATM Maker NCR 2015-11-11T05:00:00Z Advertisement In contrast, start-up employees generally own common stock, whose payout comes only after those who hold preferred shares get their money. When a Unicorn Start-Up Stumbles, Its Employees Get Hurt 2015-12-23T05:00:00Z When might a company call their preferred shares? Why Preferred Stocks Belong in Your Portfolio 2015-10-01T04:00:00Z The compensation is that the conversion price for their preferred shares into common is reset at the lower value. Expect Some Unicorns to Lose Their Horns, and It Won’t Be Pretty 2016-01-19T05:00:00Z Fairholme has a large investment in the preferred shares of the two mortgage companies. Fannie and Freddie Shares Still Look Unappealing 2015-08-21T04:00:00Z Blackstone is expected to receive convertible preferred shares that pay a dividend and two board seats in exchange for the investment, some of the people said. Blackstone Nears Deal to Take Minority Stake in ATM Maker NCR 2015-11-11T05:00:00Z The foundation had the right to receive preferred shares that allow it to block any deal, outvoting other shareholders. Mylan’s Leverage to Resist Teva Deal Reveals Shift in Rules 2015-07-27T04:00:00Z "You will see financial services companies, like the big banks, issue preferred shares the most." Why Preferred Stocks Belong in Your Portfolio 2015-10-01T04:00:00Z The stichting’s board said that it would only retain the preferred shares temporarily. Drugmaker Mylan Uses Dutch Foundation to Fend Off Hostile Bid 2015-07-23T04:00:00Z All of our capital we invest in tech startups functions like equity – whether we are using a convertible note or buying preferred shares from the start. Could Cleveland Be the 'Valley' of the Midwest? America's New Hub for Entrepreneurs 2015-07-23T04:00:00Z PartnerRe’s preferred shares are important because they carry greater voting rights than their economic interest. PartnerRe Insurance Merger Turns on a Different Axis 2015-07-17T04:00:00Z The Investment Company Act of 1940 outlined two primary forms of closed-end fund leverage financing: loans and preferred shares. AberdeenVoice: 10 Reasons To Invest In Closed-End Funds 2015-07-14T04:00:00Z The defense works like this: A Dutch company issues preferred shares to the stichting trust. Mylan’s Dutch Takeover Defense Is in Nasdaq’s Hands 2015-06-11T04:00:00Z “The stichting wants it to be known that it doesn't intend to keep its preferred shares for any longer than necessary to achieve the objectives in line with its purpose.” Drugmaker Mylan Uses Dutch Foundation to Fend Off Hostile Bid 2015-07-23T04:00:00Z As part of the deal, Sharp is proposing placements of preferred shares and a capital reduction. Proxy adviser ISS recommends investors vote against Sharp, Sony CEOs at AGMs 2015-06-10T04:00:00Z Japan Industrial Solutions, a corporate turnaround fund owned by a consortium that includes the two banks, will also provide 25 billion yen in return for preferred shares. Sharp gains $1.9 billion bailout but restructuring steps disappoint 2015-05-14T04:00:00Z Shares in Sharp were up 6.8% in Tokyo after plunging 26% on Monday on worries over a possible capital reduction and issuance of preferred shares. Asian shares trade mixed on Greece talks - BBC News 2015-05-11T04:00:00Z The drug maker is relying on a Dutch anti-takeover maneuver — issuing preferred shares to an outside foundation that will temporarily assume voting control, which will buy it some time. Mylan Rejects Teva’s $40 Billion Takeover Offer 2015-04-27T04:00:00Z Mylan set up the stichting in April, giving it the power to obtain a set of preferred shares that dilutes the voting power of other shareholders in case of a challenge to the company’s independence. Drugmaker Mylan Uses Dutch Foundation to Fend Off Hostile Bid 2015-07-23T04:00:00Z Ford is taking control in exchange for preferred shares in the Ford-Sollers venture, while its economic interest in the venture remains unchanged at 50 percent, Sollers said. Ford to gain control of Russia JV and provide finance 2015-04-10T04:00:00Z But for regulators, preferred shares serve as a cushion against any future losses, in part because they never have to be repaid. U.S. banks' buybacks, dividends may be no reason for shareholder celebrations 2015-03-11T04:00:00Z Hyundai said in a regulatory filing that it acquired both common and preferred shares between Nov. 12 and Feb. 3, based on the buyback plan the company announced in November. Hyundai Motor buys back $422 million of shares 2015-02-06T05:00:00Z Shares of the government sponsored enterprises got hit hard by a legal ruling, but Ackman’s position in the common did not get whacked as badly as the preferred shares in 2014. Bill Ackman Wins 2014 2014-11-17T05:00:00Z The popularly traded Fannie Mae Series S preferred shares rose by 3.8% on Friday morning. Big Investors Move To Shore Up Fannie, Freddie Trade 2014-10-10T04:00:00Z Shares of Fannie Mae’s popularly trade Series S preferred shares fell by 15% on Thursday morning. Fannie And Freddie Shares Tumble Again After Legal Ruling 2014-10-02T04:00:00Z The Federal Reserve allows banks to use preferred shares for at least part of their capital. U.S. banks' buybacks, dividends may be no reason for shareholder celebrations 2015-03-11T04:00:00Z The company's preferred shares also dropped sharply, with each down more than 50 percent. Fannie, Freddie shares slump after investor lawsuits dismissed 2014-10-01T04:00:00Z The billionaire’s Berkshire Hathaway will buy $3 billion worth of preferred shares in the new company, though terms of that investment were not disclosed. Burger King to Buy Tim Hortons for $11.4 Billion 2014-08-26T04:00:00Z Buffett’s Berkshire Hathaway will provide roughly 25% of the financing for the deal, the Journal says, and will receive preferred shares in the combined company, though the exact nature of Berkshire’s participation was not clear. Burger King May Get Assist From Warren Buffett To Buy Tim Hortons 2014-08-25T04:00:00Z Then Berkshire put in an additional $8 billion for preferred shares. Four Short Duration Bonds With Juicy Yields 2014-08-20T04:00:00Z Selling preferred shares to boost payouts to common shareholders can't go on forever without banks improving their results enough to boost their capital levels significantly. U.S. banks' buybacks, dividends may be no reason for shareholder celebrations 2015-03-11T04:00:00Z Initially, they were required to pay a 10 percent dividend on the senior preferred shares the government received. Fannie, Freddie shares slump after investor lawsuits dismissed 2014-10-01T04:00:00Z To fund this, they sold many small batches of "preferred shares", which are a cross between shares and bonds. Espirito Santo debts sold via Jersey 2014-08-19T04:00:00Z Early-stage companies mostly sell preferred shares to investors, and founders mostly hold common shares that they acquired at a very low price when the company was formed. What To Do When Founders Want To Cash Out 2014-06-02T04:00:00Z Some angel investors would be content with common shares—the term sheet that I drafted offered them preferred shares. Why You Should Write Your Own Term Sheet 2014-05-29T04:00:00Z JPMorgan issued nearly $9 billion of preferred shares this past year and other banks have said they expect to issue more. U.S. banks' buybacks, dividends may be no reason for shareholder celebrations 2015-03-11T04:00:00Z He was buying preferred shares in what was essentially a government-backed entity that, unlike Treasury bonds, would pay a 6% annual dividend. Revealed: Brian Moynihan's Grand Plan For Bank Of America 2014-05-28T04:00:00Z Most bought preferred shares, positioning themselves ahead of ordinary investors to collect a piece of the profits. Small investors are caught up in fight over future of Fannie Mae, Freddie Mac 2014-05-09T00:34:59Z It announced plans in September to sell some of its stock, which it said then would leave it with about 36.7 million common shares and about 5.4 million preferred shares. UPDATE 2-Ontario eyes potential sale of some gov't assets, GM stake 2014-04-11T19:43:31Z In the second deal, announced last week, Harbinger Group sold another 23 million preferred shares in funds managed by Harbinger Capital Partners to Leucadia, bringing Leucadia’s stake to 20 percent. DealBook: Falcone Accused of Using Company Assets in Cash Crunch 2014-03-27T18:56:12Z Bank debt would, though, be paid out before preferred shares in the event of a bank liquidation, making it a safer bet for investors. U.S. banks' buybacks, dividends may be no reason for shareholder celebrations 2015-03-11T04:00:00Z New rules were also unveiled last week allowing certain companies to issue preferred shares, including companies that use proceeds to acquire rivals. Chinese developers seek alternative financing as investors grow wary 2014-03-26T21:08:59Z Goldman did not buy the publicly traded preferred shares, however. DealBook: Questions Over Goldman Deal as Investors Sit in the Dark 2014-03-19T16:46:56Z Various preferred shares in the companies also fell, some by as much as 12 percent. Hedge Funds' Big Bet on Fannie and Freddie May End Up Worthless 2014-03-13T19:44:11Z Oi will offer ordinary and preferred shares, including American Depositary Receipts. UPDATE 2-Brazil telecom Oi files for $5.9 billion stock offering 2014-02-20T13:58:28Z Much of the money for buybacks and higher dividends is coming from the banks issuing securities known as preferred shares. U.S. banks' buybacks, dividends may be no reason for shareholder celebrations 2015-03-11T04:00:00Z One of Gol's preferred shares traded in Brazil equals one U.S. traded share. UPDATE 1-Air France-KLM gains Brazil foothold with $100 mln Gol deal 2014-02-19T23:22:01Z Not surprisingly, the preferred shares plummeted in value. DealBook: Questions Over Goldman Deal as Investors Sit in the Dark 2014-03-19T16:46:56Z But starting next month, the required interest rate on the preferred shares rises to 9 percent from 5 percent. High & Low Finance: A Bailed-Out Small Bank Struggles Back 2014-02-13T20:13:02Z In November, Ally raised $1.3 billion in a sale of unlisted shares and paid $5.9 billion for certain preferred shares held by the U.S. UPDATE 2-Ally Financial quarterly profit hurt by settlement charge 2014-02-06T17:02:12Z Buyers of preferred shares are attracted by the high dividends. U.S. banks' buybacks, dividends may be no reason for shareholder celebrations 2015-03-11T04:00:00Z Under Pestana, preferred shares of GPA surged 58 percent, compared with a 28 percent tumble in Brazil's benchmark Bovespa stock index. UPDATE 1-Brazil's GPA appoints Iabrudi as CEO to replace Pestana 2014-01-20T23:13:52Z As of its last announcement, PFD owns 58 percent of the preferred shares. DealBook: Questions Over Goldman Deal as Investors Sit in the Dark 2014-03-19T16:46:56Z It seems likely that some other holders of the bailout preferred shares will seek even better deals. High & Low Finance: A Bailed-Out Small Bank Struggles Back 2014-02-13T20:13:02Z One reason for lower fees is that some analysts anticipate banks may prefer to issue preferred shares, which require less advice for issuers and generate smaller fees. China Banks Keep Fees Flowing 2013-12-26T19:58:40Z Issuing preferred shares to pay for common share dividends and buybacks is a symptom of a "zombie banking system," said veteran banking analyst David Hendler of independent research firm Viola Risk Advisors. U.S. banks' buybacks, dividends may be no reason for shareholder celebrations 2015-03-11T04:00:00Z China also announced details of a trial run for Chinese-listed firms to issue preferred shares, the government said in a separate statement on its website. China may see IPO thaw in 2014 as regulator smoothes approval process 2013-11-30T09:48:31Z He said that he sees greater opportunity in the common shares of Fannie Mae and Freddie Mac than he does in the preferred shares. Herbalife shares jump despite Ackman's latest attack 2013-11-22T21:40:12Z In 2010, when it stopped paying dividends on the Treasury’s preferred shares, it also suspended the dividend on its trust-preferred shares. High & Low Finance: A Bailed-Out Small Bank Struggles Back 2014-02-13T20:13:02Z Ackman, whose Pershing oversees about $12 billion, said that he sees greater opportunity in the common shares of Fannie Mae and Freddie Mac than he does in the preferred shares. Ackman says lost up to $500 mln on Herbalife short bet: BBG TV 2013-11-22T16:11:56Z In the proposal obtained by Reuters, the businesses would be acquired in exchange for preferred shares at their full par value, or $34.6 billion. Ackman's Pershing Square takes big stakes in Freddie, Fannie 2013-11-16T11:24:34Z Many saw use of preferred shares as a way to dilute government influence and boost the value of other investors' holdings. China may see IPO thaw in 2014 as regulator smoothes approval process 2013-11-30T09:48:31Z Its preferred shares gained 2 percent on the news while its common stock was flat. Rostelecom to offer buyout ahead of mobile spin-off 2013-11-13T13:20:11Z The two firms' bailout agreements, however, do not allow them to buy back the $189 billion worth of senior preferred shares the government received in return for its aid. Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout 2013-11-07T19:16:22Z The two firms' bailout agreements do not provide a way for them to buy back the government's senior preferred shares, which is about $188 billion. Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout 2013-11-07T15:29:59Z Remaining preferred shares will be converted to ordinary stock. Mitsubishi Motors plans $2 billion share offer as early as Jan -sources 2013-10-26T06:58:35Z As part of the agreement, Samsung Display will receive new convertible preferred shares in Corning worth $1.9 billion, and will invest another $400 million by subscribing to new convertible preferred shares. UPDATE 3-With Corning deal, Samsung eyes tighter grip on supply chain 2013-10-23T06:34:27Z Its preferred shares rose more than 5 percent when the winning bid was announced. Petrobras-led group wins Brazil oil auction with minimum bid, many stay away 2013-10-22T01:46:07Z It also plans to issue common and preferred shares in the market. UPDATE 1-Del Monte Pacific buys U.S. canned food business for $1.7 bln 2013-10-11T03:59:01Z Bank of America Chief Executive Brian Moynihan recently said he doesn't plan to buy back the preferred shares any time soon. Buffett's Crisis-Lending Haul Reaches $10 Billion 2013-10-07T02:31:29Z Greenlight Capital's David Einhorn, another billionaire activist investor and huge Apple shareholder, implored Oppenheimer last year to have the company issue dividend-paying preferred shares to reward investors and juice the stock price. UPDATE 1-Apple shares jump on Icahn dinner with CEO Cook 2013-10-01T17:05:39Z That means GM is essentially refinancing some of its debt, replacing the preferred shares with lower-cost debt. UPDATE 1-GM to buy back some preferred from UAW trust for $3.2 bln 2013-09-23T14:11:23Z When its large position in Lehman tanked, the company was forced to sell $65 million in preferred shares to its lenders as part of a rescue plan. Analysis: Despite talk of farm bubble, Farmer Mac woos investors 2013-09-23T05:02:37Z AT&T plans to contribute 320 million preferred shares to the pension plan. AT&T's pension plan contribution gets tentative OK from government 2013-09-06T23:59:17Z Now shareholders are calling for a big dividend, stock buyback, or, in the case of Greenlight Capital’s David Einhorn, the issuance of a new class of preferred shares. Inside Apple's Plans for Its Futuristic, $5 Billion Headquarters 2013-04-04T10:00:14Z On February 7 David Einhorn went public with his proposal for Apple to issue preferred shares and filed a lawsuit against the company. Can Carl Icahn Really Influence Tim Cook? 2013-08-15T14:20:00Z It said it expects interest rates on the debt would be far below the preferred shares' 9 percent dividend, which results in an annual payment of $620 million. UPDATE 1-GM to buy back some preferred from UAW trust for $3.2 bln 2013-09-23T14:11:23Z He checks to see if the rounds included preferred shares, which means investors holding them get paid back first if the company is sold or shuts down. Early start-ups attract supersized funding rounds 2013-08-13T23:38:46Z It also averted a dispute with Greenlight Capital's David Einhorn, who sued the company to try to block a controversial proposal regarding voting on preferred shares. Icahn says Apple could be worth $700 per share with larger buyback 2013-08-13T22:58:01Z Excluding one-time items mostly related to the acquisition of preferred shares in GM Korea, the U.S. automaker earned 84 cents a share. GM profit beats on strong U.S. demand, smaller loss in Europe 2013-07-25T11:37:21Z Instead, it took the preferred shares into the dark. High & Low Finance: Securities Rules Can Leave Investors in the Dark 2013-06-13T19:01:00Z So instead of taking the company private, Mr. Perelman sought to conduct a so-called exchange offer, a transaction in which the company asked minority shareholders to exchange their stock for preferred shares. DealBook: S.E.C. Charges and Fines Revlon for Misleading Shareholders 2013-06-13T18:33:51Z The company said the proceeds will be used to redeem half of its convertible preferred shares held by BC Partners Inc. and its affiliates following shareholder approval of a planned merger with rival OfficeMax. Grupo Gigante buys rest of Office Depot's Mexican arm 2013-06-04T15:32:43Z Each unit consists of one ordinary and two preferred shares and is currently valued between 16 and 19 reais, the announcement said. Brazil Votorantim Cimentos seeks to raise up to $4.9 billion in IPO 2013-05-31T12:01:29Z Berkshire is essentially lending to 3G through the use of preferred shares, increasing leverage and hopefully amplifying the investment returns from the transaction. DealBook: Live Blog: Berkshire Hathaway’s 2013 Shareholder Meeting 2013-05-04T17:13:35Z Evidently, few saw any value in the preferred shares. High & Low Finance: Securities Rules Can Leave Investors in the Dark 2013-06-13T19:01:00Z After assessing the proposed deal, a financial adviser determined that the deal was, like the going-private transaction, also unfair — that the preferred shares being offered were not equal to the value of the common stock. DealBook: S.E.C. Charges and Fines Revlon for Misleading Shareholders 2013-06-13T18:33:51Z The venture capitalists got preferred shares with dividend rights. How Not To Be the Next Bloodhound Technologies 2013-05-02T14:40:53Z The hedge funds own a class of stock, known as preferred shares, that would be highly lucrative if Fannie and Freddie were privatized. Fannie, Freddie agency nominee signals desire to preserve government-backed mortgages 2013-05-02T00:37:36Z And in all but one instance, the majority of the sale proceeds went to the venture capitalists and other holders of preferred shares. DealBook: In Venture Capital Deals, Not Every Founder Will Be a Zuckerberg 2013-04-30T20:52:41Z The company said it was considering ways to use the money, and this year engaged in a public debate with a hedge fund manager who wanted it to institute a new class of preferred shares. Apple to dish out $100 billion to shareholders 2013-04-23T22:33:00Z Each unit offered by Alupar, according to filings with the regulator, consists of one common share and two preferred shares in the company. Brazil's Alupar raises $421 million through IPO 2013-04-22T22:11:41Z The company will first offer 182 million preferred shares, and plans to do a second issuance at the same price range at a later date if the offer is oversubscribed. UPDATE 1-Colombian cement maker Argos share offering open for 15 days 2013-04-17T15:59:00Z Each unit will consist of one common share and two preferred shares. Brazil's Alupar seeks to raise up to $574 mln in stock offering 2013-04-01T11:07:10Z When venture capitalists invest, they typically demand preferred shares that accrue a yearly dividend of about 8 percent. DealBook: In Venture Capital Deals, Not Every Founder Will Be a Zuckerberg 2013-04-30T20:52:41Z Sanchez said it will issue up to $250 million in convertible preferred shares to fund the acquisition, which will boost its current daily production by 115 percent. UPDATE 1-Sanchez Energy buys Eagle Ford assets from Hess for $265 mln 2013-03-18T22:18:46Z Einhorn, leading calls on Wall Street for Apple to share more of its $137 billion in cash, wanted it to issue what he called "iPrefs," or preferred shares with a perpetual 4 percent dividend. Einhorn drops lawsuit against Apple, ends high-profile challenge 2013-03-01T17:18:29Z Companies planning to list in the Novo Mercado are obliged to convert each of their preferred shares into one voting stock. Brazil's SulAmérica has no plans to convert stock-shareholder 2013-02-28T14:40:33Z Last week he won a lawsuit against Apple to block it from bundling a referendum on requiring a shareholder vote before issuing preferred shares with other proposals into one vote. Einhorn and Tepper's Top Holding Apple Near Year Low and Less Than Their Purchase Price 2013-02-27T14:37:51Z Up for a Vote Of course shareholders won’t get to vote on dividends or preferred shares, though they’ll likely have a lot to say about the cash cache during tomorrow’s meeting. Apple Shareholder Meeting Will Once Again Put Focus On All That Cash 2013-02-26T22:54:58Z The lawsuit itself challenged a measure called Proposal No. 2 that Apple put forward, which would eliminate its power to issue preferred shares without a shareholder vote. Einhorn scores legal victory vs. Apple in cash scuffle 2013-02-23T00:51:22Z Apple, by the way, hasn’t issued preferred shares since 1997, the year former CEO returned to lead a turnaround. Apple Loop: Considering iPrefs, Patenting The iWatch, Living In A 'Weird' Post-Jobs World 2013-02-23T01:07:54Z Einhorn started his campaign to get Apple to create a new class of shares – known as permanent preferred shares, which pay a quarterly dividend for life – several months ago. David Einhorn wins battle to make Apple change shareholder vote options 2013-02-22T22:50:20Z The lawsuit challenged a measure called Proposal No. 2 that Apple put forward that would eliminate Apple's power to issue preferred shares without a shareholder vote. Einhorn wins ruling against Apple in cash pile fight 2013-02-22T21:01:04Z The kind of shares Einhorn proposed are called "perpetual preferred shares". Activist investor David Einhorn calls for Apple to issue 'iPref' shares 2013-02-21T23:30:04Z Greenlight said it supported two of the proposed amendments, but not the one on preferred shares. Einhorn scores legal victory vs. Apple in cash scuffle 2013-02-23T00:51:22Z Under the agreement, all of Aegon's preferred shares will be exchanged for cash and common shares. Aegon Q4 net income jumps on investment, divestment gains 2013-02-15T06:56:09Z In a regulatory filing late on Thursday, Berkshire said it was providing $12.12 billion in equity, including common stock, warrants and preferred shares with a liquidation preference of $8 billion and a 9 percent dividend. Buffett, Brazil's 3G team up for $23 billion Heinz buyout 2013-02-15T06:51:41Z Apple, which said the change would not preclude future issuance of preferred shares, is recommending that shareholders vote in favor at its annual meeting Feb. 27. Apple CEO calls Einhorn lawsuit ‘silly sideshow’ 2013-02-13T02:10:00Z He wants Apple to return a bigger piece of its $137 billion cash pile to investors, through the issuance of perpetual preferred shares that pay dividends to existing shareholders. Judge speeds up schedule in Apple versus Einhorn case 2013-02-11T21:18:38Z The analyst notes that Greelight Capital’s idea of issuing perpetual preferred shares with a 4% dividend faces the same offshore cash restraint as other potential solutions for returning cash to holders. Apple's Cash Return Options: Pay Tax Man Or Raise Debt 2013-02-11T19:10:06Z The company hopes to repay those preferred shares soon. UPDATE 2-U.S. Treasury in no rush to exit Ally Financial stake -source 2013-02-08T19:17:26Z Analysts say one benefit of preferred stock is that up to 80 percent of the dividends can be tax-free for corporate investors, although preferred shares tend to be less liquid than ordinary shares or bonds. How Einhorn turned from Apple advocate to agitator 2013-02-08T02:43:36Z The lawsuit, the first major challenge from an activist shareholder in years, calls on Apple to issue perpetual preferred shares that pay dividends to existing shareholders. Apple CEO calls Einhorn lawsuit ‘silly sideshow’ 2013-02-13T02:10:00Z Greenlight wants the proposals separated so a vote can be taken specifically on Apple's move to strike preferred shares from its company charter. Einhorn sues Apple, marks biggest investor challenge in years 2013-02-08T00:49:02Z Apple added that the proposal Greenlight opposes would not bar the issuance of all preferred shares, but would simply prevent the board from issuing preferred shares without holder approval. Apple Says Holding 'Active' Talks On Giving Back More Cash 2013-02-07T23:29:56Z Specifically, Einhorn wants Apple’s shareholders to pressure the company into issuing preferred shares. David Einhorn Still Thinks Apple Can Reach $1000 Per Share 2013-02-07T18:54:55Z In a letter to holders included in the release, Einhorn made his case for distributing perpetual preferred shares to existing holders. Apple: Will Board Cave To Einhorn And Pay Out Cash? 2013-02-07T15:47:49Z According to a securities filing, any transaction between the parties would only involve the purchase of preferred shares of Banco Votorantim. UPDATE 1-Banco do Brasil sinks on plans to raise Votorantim stake 2013-01-18T17:11:31Z On the flip side, the California Public Employees' Retirement System, which owns 2.7 million Apple shares, urged investors earlier this week to vote in favor of the shareholder proposal, and opposes "blank check" preferred shares. Einhorn sues Apple, marks biggest investor challenge in years 2013-02-08T00:49:02Z He thinks that the company should issue a new class of perpetual preferred shares as a way to distribute some of its huge cash flows to investors. Apple Says Holding 'Active' Talks On Giving Back More Cash 2013-02-07T23:29:56Z Instead, the preferred shares were converted into common stock, which the government later sold. DealBook: Examining the Terms of A.I.G.'s Bailout 2013-01-08T19:53:44Z Canada and Ontario's combined 9 percent stake, made up of around 140 million common shares and 16.1 million preferred shares, was worth C$3.5 billion at the end of September. UPDATE 1-Canada's Flaherty says no plans to sell GM stake now 2012-12-19T15:45:43Z In 2011, its GM investments, including warrants, preferred shares and common stock, fell by more than one-fifth, or about $3 billion, while the broader S&P 500 index was flat. GM, Ford retiree trusts' shortfalls expanded in 2011: filings 2012-10-18T16:58:20Z Gol preferred shares rose 10.6 percent on Monday in Sao Paulo after the airline called a press conference without disclosing the subject. UPDATE 1-Gol orders 60 Boeing 737 MAX as fuel triggers losses 2012-10-01T23:01:53Z The Chinese Internet company paid about $7.1 billion for the stake, made up of cash and preferred shares. DealBook: Alibaba Closes Deal to Buy Back Shares From Yahoo 2012-09-18T17:09:46Z It exchanged $40 billion of preferred shares for new ones that effectively paid no cash dividends to taxpayers. DealBook: Examining the Terms of A.I.G.'s Bailout 2013-01-08T19:53:44Z M&T Bank keeps the new preferred shares on its balance sheet as capital, but they do not count toward the ratios that investors and regulators care most about. DealBook: Hudson City Deal Helps M&T Bank Catch Up in Capital 2012-08-28T00:33:58Z The Treasury Department sold preferred shares of Ohio-based First Defiance at 96 cents, and Peoples Bancorp of North Carolina at 93 cents. DealBook: A Quick End to TARP Means a Smaller Payoff for Taxpayers 2012-08-22T16:52:07Z Liberty is planning on converting those preferred shares into common stock, but said it will not convert them above the 50 percent ownership threshold until the FCC accepts its application to take control. Liberty Media files with FCC to take control of Sirius XM--again 2012-08-17T23:16:21Z However, their preferred shares lost more than half their value in heavy trading as investors saw the plan as undercutting the ability of either company to ever emerge from government conservatorship as profitable entities. U.S. tightens reins on Fannie Mae, Freddie Mac 2012-08-17T20:25:41Z Treasury said Thursday that it will sell preferred shares of M&T Bank Corp., likely allowing the regional bank to exit the Troubled Asset Relief Program without diluting common shareholders' stock. M&T Bank to Exit TARP, via Backdoor 2012-08-16T21:08:40Z M&T Bank first negotiated a change in the terms of preferred shares with the Treasury Department, which then sold the modified shares in the market to recoup its initial investment. DealBook: Hudson City Deal Helps M&T Bank Catch Up in Capital 2012-08-28T00:33:58Z Treasury officials are contemplating a plan to pool a bunch of these small-bank preferred shares in order to accelerate the sales. DealBook: A Quick End to TARP Means a Smaller Payoff for Taxpayers 2012-08-22T16:52:07Z Though it has been buying Sirius XM shares on the open market in recent months, the bulk of its stake is in the preferred shares it acquired in the 2009 transaction. Liberty Media files with FCC to take control of Sirius XM--again 2012-08-17T23:16:21Z When Knights new preferred shares convert to common, the number of common shares outstanding would jump to 370 million from 100 million. White Knight to Rescue Knight Capital, But Shareholders Not So Lucky 2012-08-06T03:07:23Z Nearly a dozen investors, including hedge funds, sovereign wealth funds, mutual funds and private equity firms, will buy the preferred shares, these people said. DealBook: Alibaba Is Said to Be Close to Raising $8 Billion 2012-07-31T01:04:20Z M&T Bank was also able to buy back the original preferred shares at will. DealBook: Hudson City Deal Helps M&T Bank Catch Up in Capital 2012-08-28T00:33:58Z It will also likely issue preferred shares to Cerberus, which would receive 50% debt treatment under our adjustments. TEXT-S&P puts DigitalGlobe 'BB' rating on watch negative 2012-07-24T19:00:16Z Liberty said it plans to convert half of its preferred shares to common stock and hold about 32 percent of outstanding shares. RPT-UPDATE 3-Malone and Karmazin face off for Sirius XM control 2012-05-31T21:23:36Z Liberty plans to convert some of its preferred shares to common stock and hold about 32 perfect of outstanding shares. UPDATE 1-Liberty files new petition to take control of Sirius 2012-05-31T14:04:53Z Yet because the sale of preferred shares and common shares are subject to certain discounts, Alibaba is still expected to pay close to the original amount. DealBook: Alibaba Is Said to Be Close to Raising $8 Billion 2012-07-31T01:04:20Z The purchase price includes assumption of debt and redemption of the company’s preferred shares. RR Donnelley To Buy EDGAR Online For $70.5 Million 2012-05-22T15:44:14Z The deal value includes $1.092 per common share, assumption of debt and payment of an amount equal for the redemption of preferred shares. R.R. Donnelley to buy Edgar Online for $70.5 mln 2012-05-22T13:04:29Z Banks typically sold new common shares to pay off their preferred shares. DealBook: Despite Good Health, M&T Bank Holds Tight to TARP Funds 2012-04-09T22:50:38Z Tumi plans to use the net proceeds from the offering to buy back preferred shares owned by the buyout firm. DealBook: Tumi Prices I.P.O. at $15 to $17 2012-04-09T14:46:37Z Put briefly, Emmis and its controlling shareholder have hatched an ingenious plan to make the company’s preferred shares all but worthless and strip them of their rights. High & Low Finance: Emmis Chases a Strategy to Vote Dead Shares 2012-03-30T01:21:19Z A.I.G. also plans to repay $8.5 billion worth of preferred shares that the Treasury Department owns in American International Assurance, a former A.I.G. subsidiary that is now publicly traded in Hong Kong. DealBook: Treasury to Sell $6 Billion Worth of A.I.G. Shares 2012-03-07T22:48:50Z Last August, Mr. Buffett also made a $5 billion investment in the preferred shares of Bank of America, a vote of confidence for the struggling financial institution. DealBook: Buffett, in Annual Letter, Says His Successor at Berkshire Is Lined Up 2012-02-25T18:39:47Z CKX’s leverage is “moderately high” with debt to Ebitda of 4.9 times, according to Moody’s, including lease expenses and preferred shares treated as debt. Goldman, Macquarie Sell ‘American Idol’ Loan at Highest Discount 2012-02-16T11:42:56Z The company hasn’t decided yet whether to convert their preferred shares into ordinary stock, Dag Melgaard, a Telenor spokesman, said by phone from Oslo. Telenor Ends Conflict Over VimpelCom, Seeks New Partner in India 2012-02-15T23:23:02Z If dividends were not paid for a year and a half, the preferred shares would be entitled to elect two directors. High & Low Finance: Emmis Chases a Strategy to Vote Dead Shares 2012-03-30T01:21:19Z Volumetric production payments are viewed as debt by some analysts and ratings agencies, and preferred shares are sometimes viewed as expensive debt because the company is obligated to pay a dividend. Chesapeake targets new asset, debt sales 2012-02-13T17:35:28Z Gerdau announced on Jan. 11 that it approved the repurchase of as many as 2.69 million preferred shares from Jan. 12 to Jan. 20, according to a regulatory filing. Gerdau Said to Seek Sale of Mine Unit Stake for $2.5 Billion 2012-02-09T18:28:54Z The bank said Jan. 9 it had met EBA’s requirements as it sold stakes in South American lenders, issued new stock in exchange for preferred shares and paid dividends in shares. Banks May Opt to Spurn State Bailouts to Meet EU Capital Targets 2012-01-20T05:00:56Z Since June, Moynihan has taken a number of steps to boost capital levels, including selling nearly $15 billion in China Construction Bank Corp shares and swapping preferred shares for common stock. BofA told Fed it could sell branches in emergency: source 2012-01-13T23:30:05Z A big part of its reported profits in the most recently reported quarter — $56.8 million — stemmed from its effective repurchase of most of the preferred shares at a large discount to face value. High & Low Finance: Emmis Chases a Strategy to Vote Dead Shares 2012-03-30T01:21:19Z Santander said yesterday it had plugged the capital gap by selling assets and swapping preferred shares for stock. UniCredit Plunge Seen Deterring EU Banks From Selling Shares 2012-01-10T06:32:54Z In a report carried last month, the Nikkei business daily reported that Olympus might issue about ¥100 billion yen in new preferred shares, and that Japanese companies like Fujifilm or Sony might be possible investors. Former Chief Ends His Bid to Overhaul Olympus 2012-01-06T12:56:23Z REITs issued $37.5 billion in initial and additional common and preferred shares last year, according to the National Association of Real Estate Investment Trusts. REIT Firms Set for Acquisitions 2012-01-04T00:27:30Z National Bank completed a 1 billion-euro issue of preferred shares to the Greek state last week, raising the core Tier 1 ratio to more than 11 percent, according to a statement yesterday. National Bank of Greece Offers to Buy Back $2.5 Billion Debt 2012-01-03T15:56:51Z It names as defendants in the suit several institutional investors who own preferred shares and are resisting the company’s move. High & Low Finance: Emmis Chases a Strategy to Vote Dead Shares 2012-03-30T01:21:19Z In March 2010, $620 million was paid to buy back Gyrus preferred shares given to its advisers as part of fees. Olympus Auditor ‘Still Investigating’ Gyrus Share Purchase 2011-12-27T04:51:01Z The report said Olympus was seeking to replenish its capital base by issuing $1.3 billion in preferred shares. Fujifilm: too early to say if it will invest in Olympus 2011-12-27T04:24:14Z The Nikkei said Olympus was believed to be considering issuing preferred shares that would not carry voting rights, although they would eventually be convertible into common stock. Olympus aims to tap Sony, others for $1.3 billion in new capital 2011-12-20T02:00:46Z The carrier, based in Bangalore, got as much as 12.1 billion rupees of new loans earlier this year after banks converted 13 billion rupees of existing debt into preferred shares. Kingfisher Air Pledges Brand, Furniture for $1.2 Billion Loans 2011-12-09T23:08:51Z A shareholder meeting on Monday will approve creation of the employee benefit trust and issuance of the preferred shares. High & Low Finance: Emmis Chases a Strategy to Vote Dead Shares 2012-03-30T01:21:19Z The interview follows a flurry of news reports yesterday suggesting a state-run fund will buy preferred shares in the company. Tepco May Ask Government to Buy Stake, President Tells Newspaper 2011-12-09T03:41:51Z Delta will buy the Brazilian airline’s American depositary receipts backed by preferred shares, Gol said today in a regulatory filing. Delta to Buy $100 Million Stake in Gol to Boost Brazil Flying 2011-12-07T17:14:01Z The company added 41 billion yen of goodwill when it bought back preferred shares of Gyrus from its financial advisers, it said in October. Olympus Vows to Probe 70 Executives as Another Director Quits 2011-12-07T11:56:50Z Investors in the combined $1.25 billion of CHK Utica preferred shares will also proportionately receive a 3 percent overriding royalty interest in the first 1,500 net wells drilled on CHK Utica's acreage. UPDATE 1-Chesapeake closes $750 mln preferred share deal 2011-12-05T18:00:58Z At that meeting, the preferred shares are to be stripped of their rights, and the directors elected by the preferred shares are to be kicked off the board. High & Low Finance: Emmis Chases a Strategy to Vote Dead Shares 2012-03-30T01:21:19Z When the IPO is completed, each of those preferred shares will convert to one common share, according to the filing. Zynga Seeks Up to $1 Billion in Biggest Web IPO Since Google 2011-12-03T13:33:47Z It plans to issue up to 400 million shares in a swap for preferred shares and other securities, under a deal first announced in the bank's quarterly filing in November. Analysis: BofA is close to its limit for share issuance 2011-12-02T23:05:26Z About 70 billion rupees of loans will be swapped for cumulative preferred shares, redeemable in 15 years and carrying an 8.5 percent interest rate, they said. Air India Said to Get Approval for 180 Billion Rupee Debt Plan 2011-11-25T04:14:30Z He called a plan disclosed last month to issue up to 400 million common shares in exchange for outstanding preferred shares a "prudent way to manage capital." BofA learned a lesson from debit card fury - CEO 2011-11-15T16:00:29Z To do that requires getting two-thirds of the preferred shares to agree, which would normally be impossible. High & Low Finance: Emmis Chases a Strategy to Vote Dead Shares 2012-03-30T01:21:19Z Earlier this year, Kingfisher won as much as 12.1 billion rupees of new loans after banks agreed to convert 13 billion rupees of existing debt into preferred shares. Billionaire Mallya’s Kingfisher Plunges, Set for Record Close 2011-11-11T05:18:02Z Olympus said on Tuesday that the money it used to buy preferred shares back from an adviser last year was actually used to mask some of the losses from its hidden bad assets. Olympus Clears Up Little 2011-11-08T19:41:20Z The new stock would be issued in exchange for preferred shares currently held by investors. Bank of America Plan Would Raise $3 Billion 2011-11-03T21:27:04Z The company added 41 billion yen of goodwill when it bought back the preferred shares from Axam, Axes’ Cayman Islands-based fund, the company said today. Olympus Stock Surges as Kikukawa Quits, Woodford Goes to FBI 2011-10-27T10:38:02Z Like all preferred shares, those shares offered investors greater security and higher income than an investment in common stock, but less chance of a big upside if the company did well. High & Low Finance: Emmis Chases a Strategy to Vote Dead Shares 2012-03-30T01:21:19Z In November 2008, Olympus was asked to buy back the preferred shares at triple their $177 million value of just two months earlier. Olympus's $687 million advisory fee sets M&A record 2011-10-22T03:18:51Z A large portion of the fee was paid in preferred shares, which ballooned in value, ultimately raising fees from an originally agreed $100 million, according to a PricewaterhouseCoopers report commissioned by Woodford. Olympus capitulates to investor pressure, launches M&A probe 2011-10-21T10:02:51Z “Our understanding of the advisory fee is that it doesn’t include the capital gain portion on the preferred shares,” he said. Olympus Backtracks on Gyrus Adviser Fee, Says Amount Double 2011-10-19T10:26:02Z Less than two months later, on Nov. 28, Olympus agreed to pay $557 million to buy the preferred shares from the adviser, the report said. Olympus Auditor Called for Probe Into Acquisition, Report Says 2011-10-16T22:57:18Z The banks agreed in April to convert $7.8 billion of preferred shares into common stock and completed the conversion in June, making the Tokyo-based bank Morgan Stanley’s largest common shareholder with a 22.4 percent stake. Mitsubishi UFJ Pledges Commitment to Morgan Stanley Alliance 2011-10-04T03:02:01Z In the government's last rescue after the 2008 financial crisis, the banks raised capital by selling preferred shares that were not convertible into ordinary shares. France seen moving towards bank bailout 2011-09-26T13:16:02Z He says each nation should raise a rescue fund that would be available to invest in preferred shares and warrants of that nation’s banks. Signs of Stress Grow at European Banks 2011-09-22T22:30:15Z Chief Executive Officer Brian T. Moynihan, 51, has sold at least $40 billion of assets and preferred shares to bolster the company’s finances. BofA Suit May Be ‘New Front’ in Mortgage Lawsuits, Lawyer Says 2011-09-22T18:49:02Z Brian T. Moynihan, the bank’s chief executive officer, has sold at least $40 billion of assets and preferred shares to raise capital and make the company easier to run. Bank of America Sells Back 15.6% HCA Stake for $1.5 Billion 2011-09-15T14:12:02Z During the course of his investment, the preferred shares paid a 10 percent annual dividend, or roughly $300 million a year. DealBook: Buffett's Not-So Golden Touch 2011-09-14T12:06:38Z General Electric Co. said Tuesday it would pay $3.3 billion to buy back preferred shares held by Warren Buffett's Berkshire Hathaway Inc., a key step ... GE to Pay Back Berkshire 2011-09-13T22:09:38Z The company’s preferred shares, the most traded type of stock, rose 2 percent. Usiminas Jumps on Report CSN Wants to Buy Further 26% Stake 2011-09-08T21:04:01Z GE agreed to pay Buffett’s Berkshire Hathaway Inc. a 10 percent dividend on the preferred shares he bought and is scheduled to buy them back next month. GE Beating S&P Sets Profit Goal After Immelt Decade Skirts Abyss 2011-09-05T16:23:03Z A week later, he bought $3 billion in preferred shares from General Electric, as the conglomerate’s shares were plummeting. DealBook: Buffett's Bank of America Stake Is Viewed as a Seal of Approval 2011-08-26T01:23:24Z But it does not always pay to follow Mr. Buffett’s moves, at least when he buys preferred shares rather than common stock. DealBook: Buffett's Not-So Golden Touch 2011-09-14T12:06:38Z In exchange, Berkshire will receive 50,000 perpetual preferred shares with a liquidation value of $100,000 each, according to the statement. Buffett’s Bank of America Stakes Net $1.4 Billion on First Day 2011-08-25T17:39:02Z Earlier, Warren Buffett's announcement that he would buy a chunk of preferred shares from Bank of America Corp. boosted risk appetite. Dollar Turns Positive 2011-08-25T15:31:53Z The preferred shares will pay an annual dividend of 7.75 percent. Liberty Media makes $204 million investment in Barnes & Noble, drops $1 billion takeover bid 2011-08-18T23:50:45Z Each investment proved to be highly profitable for Mr. Buffett, with the preferred shares carrying a requirement that Goldman and G.E. pay a 10 percent premium to buy Berkshire out. DealBook: Buffett's Bank of America Stake Is Viewed as a Seal of Approval 2011-08-26T01:23:24Z However, he let securities lawsuits filed on behalf of the holders of Wachovia bonds and preferred shares proceed on grounds of negligence. Wells Fargo, KPMG to pay $627 million to settle loan lawsuits 2011-08-06T04:03:00Z The preferred shares pay a dividend of 6 percent per year, and are redeemable at any time by Bank of America at a 5 percent premium. Buffett’s Bank of America Stakes Net $1.4 Billion on First Day 2011-08-25T17:39:02Z Also, Energy Transfer is now offering standard equity units instead of issuing new series B preferred shares, Chairman Kelcy Warren said on a conference call yesterday. Southern Union Seen Surging Most of Any U.S. Takeover: Real M&A 2011-07-06T02:24:27Z Vale, based in Rio de Janeiro, plans to repurchase as many as 84.8 million common shares and 102.2 million preferred shares within a 180-day period, it said in a regulatory filing late yesterday. Vale Jumps Most in 6 Months After $3 Billion Buy Back Plan 2011-07-01T17:33:19Z Bank of America has the option to buy back the preferred shares at any time for a 5 percent premium. DealBook: Buffett's Bank of America Stake Is Viewed as a Seal of Approval 2011-08-26T01:23:24Z Blue chips would benefit, and so would the creditworthiness of companies that issue high-yield corporate bonds and preferred shares. Betting On An Unexpected Economic Rebound 2011-06-30T01:00:53Z “It’s a package deal,” said Jacoby, whose firm specializes in preferred shares. Buffett’s Bank of America Stakes Net $1.4 Billion on First Day 2011-08-25T17:39:02Z Treasury agreed to exchange the $19 million in preferred shares it received from the bank under the Troubled Asset Relief Program for about 34.8 million shares of common stock. Carver raises $55 million from Goldman, Morgan Stanley, others 2011-06-29T22:37:58Z HomeAway, which counts Austin Ventures and Redpoint Ventures among its owners, said it would use the IPO proceeds to redeem preferred shares, issue dividends and for corporate purposes. HomeAway shares surge in market debut 2011-06-29T18:19:28Z The private equity firm will own a quarter of the bank, once the $425 million preferred shares held by the U.S. Oaktree to invest $175.5 million in First BanCorp 2011-06-28T14:36:38Z Porsche SE preferred shares surged 10 percent, leading a measure of automakers to the biggest gain since April. European Stocks Drop for Eighth Week in Longest Slide Since 1998 2011-06-25T10:45:46Z Goldman redeemed the preferred shares in April, paying the 10 percent premium, or $500 million. Buffett’s Bank of America Stakes Net $1.4 Billion on First Day 2011-08-25T17:39:02Z Morgan Stanley’s investment buys it preferred shares that can be converted into common stock in the next five years, giving it a stake of about a 10 percent depending on company performance, according to filings. China Reverse Merger Pits Morgan Stanley Against Hedge Funds 2011-06-22T00:04:42Z Porsche’s preferred shares fell as much as 95 cents, or 2 percent, to 46.15 euros and were down 1 percent as of 3:55 p.m. in Frankfurt trading. Porsche Only in China Has $220,000 Entry-Level Club Model: Cars 2011-06-08T14:54:30Z Tangible common equity excludes hybrid debt, goodwill and preferred shares from Tier 1 capital. Europe Banks’ Capital Deficit Means Greek Default Not an Option 2011-06-06T23:18:42Z Interest on the investments, typically municipal and student-loan-backed bonds and preferred shares, reset every seven to 35 days at bidding managed by the dealers. Credit Suisse Loses Appeal of STMicroelectronics Case 2011-06-02T20:55:30Z Harbinger said in court papers the preferred shares were once worth 400 million pounds and, based on expert reports, a reasonable amount of compensation is 322.5 million pounds. Harbinger Says Northern Rock Shares Worth $530 Million 2011-05-31T20:05:02Z Liberty made a $530 million investment, in exchange for preferred shares. DealBook: Why Liberty Media Might Want Barnes & Noble 2011-05-20T19:12:07Z “Common practice would be for the company to issue preferred shares to the government.” Tepco Has Record Loss on Worst Nuclear Crisis in 25 Years 2011-05-20T07:33:16Z The Japanese bank is set to get a $2 billion premium on the share sale in return for giving up a 10 percent dividend on the preferred shares. Mitsubishi UFJ Sees Higher Profit on Acom, Morgan Stanley 2011-05-16T09:36:17Z The government is also considering buying preferred shares from Tokyo Electric, also known as Tepco, if it runs short of capital. Japan approves Tepco nuclear claims plan, reactor leaks 2011-05-14T06:31:42Z The Treasury Department arranged to convert its preferred shares into 1.665 billion common shares — a 92 percent stake — and to begin selling them. High & Low Finance: Mighty Determined Sellers 2011-05-13T01:58:42Z Kyle Bass is a fan of preferred shares of Fannie Mae. Fund Managers Juiced About Energy Stocks 2011-05-12T22:13:25Z Tokyo Electric will reimburse the fund over several years from its annual profits and the government will shore up the company by buying its preferred shares if necessary, they said. TEPCO net loss may top $12.4 billion: report 2011-05-11T00:48:03Z The plan under discussion would create a fund to provide loans for and buy preferred shares from Tokyo Electric, commonly known as Tepco. Japan says no limits to Tepco liability from nuclear disaster 2011-05-02T10:29:18Z Goldman Sachs in March won Federal Reserve approval to redeem the $5 billion in preferred shares, which paid 10 percent annual interest to Berkshire. Buffett Says He’ll Retain Goldman Warrants in Wager on Bank 2011-05-01T23:19:17Z The firm specialized in facilitating trades of illiquid securities, such as assets of bankrupt companies and preferred shares in public companies whose holders have special rights. Silicon Valley Cashes Out Selling Private Shares 2011-04-21T21:00:00Z Results in latest quarter were also hit by the bank buying back $5 billion of preferred shares from Warren Buffett's Berkshire Hathaway. Goldman posts 72 percent drop in first-quarter earnings 2011-04-19T12:20:57Z It plans to sell part of its preferred shares in Vimpelcom that will be enough to reduce its voting rights to below 25 percent, triggering a clause that will spark the termination of the agreement. Fridman's Altimo to scrap Vimpelcom investor deal 2011-04-17T15:23:49Z A total of 99.7 percent of the available preferred shares were bought in the rights offering, with the remainder sold on the open market, the Stuttgart, Germany-based company said today in an e-mailed statement. Porsche Raises €4.9 Billion Before VW Merger 2011-04-14T09:57:04Z The preferred shares, the most commonly traded class of stock, fell 2 percent to 18.98 reais, bringing the total loss in the past 12 months to 39 percent. Gerdau, Investors Raising $3.5 Billion in Brazil Stock Sale 2011-04-13T15:00:03Z Nortel said it does not expect holders of common or preferred shares to get any value from the creditor protection proceedings. Nortel, Google in $900 million patent deal 2011-04-04T18:20:23Z All new preferred shares will be underwritten by a banking syndicate led by Deutsche Bank AG, JPMorgan Chase & Co. and Morgan Stanley, the carmaker said. Porsche to Start 5 Billion-Euro Share Sale to Lower Debt 2011-03-28T16:17:01Z Porsche preferred shares jumped 6.7 percent to 60 euros at market close in Frankfurt today, the best daily performance in two months. Porsche, Schaeffler Are Selling 6.8 Billion Euros in Stock 2011-03-28T16:15:01Z All new preferred shares will be underwritten by a banking syndicate led by Deutsche Bank AG, JPMorgan Chase & Co. and Morgan Stanley, the carmaker said yesterday. Porsche to Start 5 Billion-Euro Share Sale to Cut Debt 2011-03-28T07:52:02Z All new preferred shares will be underwritten by the members of a banking syndicate led by Deutsche Bank AG, JPMorgan Chase & Co. and Morgan Stanley, the carmaker said today. Porsche to Start 5 Billion-Euro Share Sale to Lower Debt Burden 2011-03-27T21:48:14Z A group of banks agreed to underwrite all new ordinary and preferred shares to be offered at 38 euros apiece, Porsche said in a statement late yesterday. Porsche Says Boards to Complete $7 Billion Share-Sale Details 2011-03-26T15:23:13Z The announcement allows more banks to repurchase preferred shares sold to the Treasury Department in 2008 as part of the Troubled Asset Relief Program. SunTrust, KeyCorp Raise $1.67 Billion to Repay U.S. Bailouts 2011-03-21T04:03:07Z The Federal Reserve told KeyCorp it didn’t object to a plan to sell stock and issue debt to help repurchase $2.5 billion of preferred shares sold to the U.S. KeyCorp Raises $625 Million in Stock Sale to Repay U.S. Rescue 2011-03-18T22:31:59Z Indeed, Goldman expects to use some of the money to repurchase the preferred shares it sold Warren E. Buffett at the height of the 2008 financial crisis. DealBook: Fed to Release Results of Bank Stress Tests 2011-03-18T14:20:53Z Goldman expects to use some of the money to repurchase the preferred shares it sold Warren E. Buffett at the height of the 2008 financial crisis. Dividends Will Enrich Bank Chiefs 2011-03-17T01:30:02Z United will sell a combination of common and preferred shares to an affiliate of Corsair Capital and a group of institutional investors, giving the buyers a 22.5 percent stake in the company. UPDATE 1-United Community Banks to sell stake for $380 mln 2011-03-16T22:24:40Z The Treasury Department says that it received proceeds of $475 million when the banks repurchased preferred shares and other investments that the department got in exchange for its cash injections. 6 more banks wind down bailouts as bank program nears break-even; losses seen on autos, AIG 2011-03-16T21:26:45Z The results included a charge of 21 cents a share related to a previously announced purchase of preferred shares from the U.S. GM Reports Smallest Profit in a Year on New-Vehicle Costs 2011-02-24T13:00:02Z Another person familiar with the matter said that Qatar may scoop up preferred shares that find no buyer. Porsche puts finishing touches on capital hike 2011-02-09T12:53:56Z It isn't hard to fathom why preferred shares might sound appealing. Are Juicy Yields Worth the Extra Risk? 2011-02-05T04:05:33Z The U.S. government is converting its preferred shares into a 92 percent equity stake, which will be sold off over time. AIG's Benmosche investing in independent brokers 2011-02-01T22:19:47Z Chief among these was the Capital Purchase Program, in which the government was given up to $250 billion to buy preferred shares in more than 500 banks to bolster their financial health. DealBook: Treasury's Warrior at the Negotiating Table 2011-02-01T12:02:14Z GM raised more than $23 billion in an initial public offering of common and preferred shares in November that lowered the government’s ownership from 61 percent. GM Takes Back Request for $14.4 Billion in U.S. Loans 2011-01-27T22:12:02Z If that were to happen, and the profits kept coming, Frannie might be able to pay dividends on preferred shares that were sold long before the crisis erupted. High & Low Finance: Contemplating a Mortgage Market Without U.S. Guarantees 2011-01-27T20:43:21Z During the financial crisis, U.S. regulators suspended dividends on preferred shares issued by such giants as Fannie Mae and Freddie Mac. Are Juicy Yields Worth the Extra Risk? 2011-02-05T04:05:33Z Holders of debt are higher up on the food chain than investors of all equity classes, including preferred shares. Raising Capital With Convertible Notes 2011-01-25T16:01:28Z The company, which went bankrupt in 2009, returned to public trading on Nov. 18 following an initial public offering of common and preferred shares that raised more than $20 billion. Toyota Remains World’s Largest Automaker 2011-01-24T17:30:02Z Those numbers - which you've probably not seen before - are based on the value the Treasury placed on GMAC's common stock at year-end, when it converted some of its preferred shares to common shares. Old GMAC shareholders are winners after bailout 2011-01-21T01:12:03Z Proceeds will be used to buy back $3.4 billion of preferred shares held by the U.S. Fifth Third Sets ‘Expensive’ Share Sale to Exit TARP, Mayo Says 2011-01-20T17:00:00Z On the Frankfurt Stock Exchange, the preferred shares of Volkswagen AG, the largest European carmaker in China, slid 5 percent as of 11 a.m. local time. China Growth Quickens, Fueling Rate-Rise Speculation 2011-01-20T10:10:12Z The firm also will sell senior debt as it seeks to buy back $3.4 billion in preferred shares from the Troubled Asset Relief Program, it said in a separate statement today. Fifth Third to Repay U.S. Bailout After Profit Beats Estimates 2011-01-19T22:48:05Z Proceeds will be used to repurchase $3.4 billion in preferred shares from the Troubled Asset Relief Program, it said. Fifth Third to Sell $1.7 Billion in Stock to Repay Bailout Funds 2011-01-19T22:04:04Z At the same time, Treasury converted its preferred shares in A.I.G. into common stock, which it plans to sell off starting in either March or May, according to people briefed on the matter. DealBook: A.I.G. Repays Fed Debt and Looks Toward Big Stock Sale 2011-01-14T23:36:44Z The conversion of Treasury's preferred shares will dilute the company's current shareholders. Treasury deal moves AIG closer to paying back taxpayer money 2011-01-14T20:41:01Z The expected conversion of Treasury's preferred shares on Friday will dilute the company's current shareholders. AIG to close Fed loan balance as U.S. takes step toward recouping taxpayer funds 2011-01-14T01:13:03Z The preferred shares in the company, which also owns Bentley, are up about 5 percent this year in Frankfurt and have doubled in 12 months. Chinese Women Take On ‘Man’s World’ With $400,000 Maseratis 2011-01-13T16:07:15Z In late December, the U.S. government converted $5.5 billion of its preferred shares in Ally Financial into common stock, increasing its stake to 74 percent and laying the groundwork for exiting its investment. GM mulls over buying part of former GMAC: report 2011-01-11T06:23:18Z The Treasury's preferred shares are expected to convert into common stock this spring that would be worth about $76.5 billion at AIG's current market price. Size Poses Challenge in Treasury's Next Asset Sales 2011-01-05T16:51:32Z An additional $5.9 billion will remain preferred shares, paying a 9 percent annual dividend. Treasury shifts its stake in Ally Financial 2010-12-31T03:02:00Z Orient issued preferred shares to a group of investors in 2007 to bolster its capital, with U.S. investment bank Morgan Stanley buying 35 billion yen worth and private equity firm KKR investing 20 billion yen. Mizuho says to buy Orico shares from MS, KKR 2010-12-30T07:10:54Z Treasury's conversion of its Trouble Asset Relief Program preferred shares in American International Group Inc. into common stock. M&A King Is... Not Yet Decided 2010-12-28T15:51:12Z The Treasury said a total of $2.7 billion from the repurchase of preferred shares, as well as accrued dividends on them, was being returned by the companies to the government. Six financial firms return $2.7 billion to Treasury 2010-12-22T21:05:52Z The Treasury would buy out the Fed's equity interest and convert its preferred shares into common stock, ending up with 1.66 billion shares before selling them off in the market. Special report: Inside AIG's tortuous turnaround 2010-12-21T15:31:38Z Treasury officials said, before the change, that Ally's financial structure did not resemble the balance sheets of most banks, which are funded by a mix of debt, common shares, preferred shares and other instruments. Treasury shifts its stake in Ally Financial 2010-12-31T03:02:00Z Morgan Stanley and KKR were able to convert the preferred shares to common stock from November. Mizuho says to buy Orico shares from MS, KKR 2010-12-30T07:10:54Z BMO will also purchase M&I's Troubled Asset Relief Program preferred shares at par plus accrued interest, with full repayment to the U.S. Canada's BMO doubles U.S. presence with M&I buy 2010-12-17T16:44:17Z As part of the agreement, BMO said it would purchase M&I's Troubled Asset Relief Program preferred shares at par plus accrued interest, with full repayment to the U.S. UPDATE 2-Canada's BMO to buy Marshall & Ilsley for $4.1 bln 2010-12-17T13:39:03Z The GM initial offering last month raised $20.1 billion through sales of common and preferred shares, making it the biggest initial public offering in U.S. history. U.S. says got another $1.8 billion from GM offering 2010-12-02T19:04:00Z Vale is listing about 652.71 million common shares and class A preferred shares in the form of Hong Kong depositary receipts, or HDRs, denominated in Hong Kong dollars, the company said in a statement Thursday. Vale to Trade in Hong Kong Dec. 8 2010-12-02T17:22:00Z The G.M. offering, including preferred shares and the overallotment, set a record for the largest initial public offering in American history. DealBook: G.M. Shares End 1st Day With 3.6% Rise 2010-11-19T01:33:00Z In rescuing the automaker, the federal government received a majority ownership stake in the company, as well as preferred shares and about $6.7 billion in loans, which were repaid this year. General Motors to raise price of shares for IPO 2010-11-16T05:14:00Z At that amount, counting sales of preferred shares, the GM IPO would be the largest ever in the world. GM's stock holds steady around $35 a share in historic IPO 2010-11-18T16:41:00Z GM will sell preferred shares in the offering. Treasury secretary, new GM CEO to meet in New York 2010-10-12T14:36:00Z These shares will be issued in exchange for the conversion of the $49.1 billion in preferred shares held by the Treasury. Who Owns A.I.G.? 2010-10-07T13:10:00Z The total overall government stake in the company will shrink to about 26 percent, including preferred shares and accounting for stock options given to former G.M. bondholders. DealBook: G.M. Shares End 1st Day With 3.6% Rise 2010-11-19T01:33:00Z Last week, his boss, Treasury Secretary , endorsed that claim in announcing an ambitious exit plan, including converting much of the company’s preferred shares into common equity and paying down loans from the Fed. Dealbook Column: Breaking Even on A.I.G. 2010-10-05T02:00:00Z If Embratel fails to get two-thirds of Net's preferred shares and is allowed to buy only a third of them, only a very small number of shares will be tendered, investors said. DEALTALK-Brazil rules mean Embratel may sweeten bid for Net 2010-10-01T21:01:00Z Under the terms of the agreement, Treasury plans to convert its $49 billion in preferred shares in AIG into common equity, effectively taking a 92 percent ownership stake in the company. Treasury close to deal on recouping taxpayer investment in AIG 2010-09-30T02:27:00Z As part of the deal, the Treasury will convert its preferred shares into billions of dollars’ worth of common stock. U.S. Is Said to Seek Way to Sever Ties With A.I.G. 2010-09-29T02:03:00Z GM is likely to sell about 80 percent of the common shares in its IPO and more than 90 percent of the preferred shares in North America, the people said. GM to sell most stock in U.S., split shares: sources 2010-09-23T12:04:00Z As part of the restructuring, Treasury is going to exchange its preferred shares for common shares, expanding the total number of shares of the company and diluting the current investor base. Dealbook Column: Breaking Even on A.I.G. 2010-10-05T02:00:00Z After acquiring 43 percent of Emmis’s preferred shares this spring, Mr. Smith and his firm agreed to help take the company private. For a Few, Papers Seem a Timely Bet 2010-09-22T02:00:00Z Due to the illiquid nature of the preferred shares, credit rating agencies now apply a discount or "haircut" to their valuation. AIG and U.S. plan clears air, but investors need more 2010-09-15T22:42:00Z The U.S. government also holds $2.1 billion in perpetual preferred shares in the automaker. Taxpayers likely to face initial loss on GM IPO: sources 2010-09-03T23:33:00Z For years, some closed-end funds issued preferred shares as a way to leverage, boosting income for common shareholders. Funds Hold Billions in 'Auction' Paper 2010-08-31T20:07:00Z The total includes debt as well as preferred shares of stock in A.I.G. held by the Treasury Department. A.I.G. to Repay Fed $3.9 Billion of Bailout Loan 2010-08-24T00:50:00Z But he expects strong interest in G.M.’s plan to sell preferred shares as well as its creation of a market for its common-stock shareholders — including the — to sell off their holdings. With I.P.O., Ed Whitacre Sees Exit Sign From G.M. 2010-08-20T00:47:00Z Treasury said it would not include any of its preferred shares in the IPO and did not indicate how long it would take to shed its stake. GM files for IPO and plans dual listing 2010-08-19T00:31:00Z The Treasury Department said in a statement that it also owns $2 billion of preferred shares in GM that it said would not be sold in the offering. General Motors files paperwork for historic public stock offering 2010-08-18T21:13:00Z G.M. said the offering will include preferred shares as well as common stock, though the company will not sell any additional common shares directly. G.M. Files for an Initial Public Offering 2010-08-18T20:46:00Z The move to offer preferred shares was reported earlier by Bloomberg News. GM IPO to Include Preferred Shares 2010-08-18T15:27:00Z Nuveen Investments said Wednesday that its closed-end funds won't accede to demands made by common shareholders, who charge they suffered due to its efforts to help investors stuck in auction-rate preferred shares, or ARPS. Auction-Rate Buybacks Chilled; Nuveen May Move 2010-07-14T19:04:00Z Preferred stock investors, including many large banks, suffered losses because the bailout ended dividend payouts and included the issuance to the government of new preferred shares that were senior to the existing preferred stock. Goldman sued by Liberty Mutual over Fannie stock 2010-07-09T17:15:00Z The postponed issue, approved by shareholders the same day, will offer up to 60 billion reais worth of preferred shares, and up to 90 billion reais in common stock — much larger than previously reported. Petrobras Delays Rights Issue Until September 2010-06-23T10:20:00Z The preferred shares would be converted to common stock in 2013 at a rate that was not disclosed. G.M. Files for an Initial Public Offering 2010-08-18T20:46:00Z Petrobras' preferred shares, the company's most widely traded class of stock, tumbled 18 percent this year, compared with a 6 percent drop in Brazil's Bovespa stock index. Petrobras seen getting OK for share offering 2010-06-22T12:05:00Z Treasury invested in preferred shares issued banks looking for funds. More than 90 banks miss May TARP payments 2010-06-16T15:26:00Z Then, the Treasury proposed converting its billions of dollars in preferred shares into common stock and selling them over a two-year period. AIG's Declaration of Independence 2010-06-03T21:00:00Z Because the Federal Reserve Bank of New York holds preferred shares in A.I.G., it is set to receive the first $16 billion in proceeds from the sale or offering of the unit. A.I.G. Rejects Price Cut for Sale of Asia Unit 2010-06-01T06:04:00Z The banking group, which received the public fund infusion when it was effectively nationalized in 2003, intends to buy back and retire ¥400 billion of government-held preferred shares as early as this summer. Asia Mixed; Resona Surges 2010-05-20T01:47:00Z Government Rescue The U.S. injected $45 billion into Bank of America through the purchase of preferred shares, including $20 billion approved in January after the Merrill Lynch takeover to keep the deal from collapsing. Archive: BofA Names Moynihan CEO 2009-12-17T02:03:00Z Prosecutors said Rajaratnam sought information on Warren Buffet's Berkshire Hathaway's purchase of preferred shares in Goldman before the transaction became public on September 23, 2008. Goldman supboenaed in closely watched fund case 2010-05-03T19:01:00Z Berkshire owns $5 billion of Goldman preferred shares with a hefty 10 percent dividend, and Buffett has become Goldman's most powerful defender since it became the target of a U.S. Feisty Buffett supports Goldman, high on economy 2010-05-03T00:20:00Z Berkshire Hathaway Inc, Buffett's insurance and investment company, owns $5 billion of preferred shares that throw off a 10 percent annual dividend, and Buffett on Saturday said he loved the investment. Buffett stands by defense of Goldman transaction 2010-05-02T20:32:00Z The $5 billion investment consists of preferred shares that throw off $500 million in annual dividends, plus warrants to buy an equal amount of common stock. Buffett strongly defends Goldman; Berkshire net up 2010-05-01T18:25:00Z In 2008, it said it would no longer pay a dividend to holders of certain preferred shares for the second consecutive quarter. Washington Redskins owner Daniel Snyder leaving board of Six Flags 2010-05-01T01:13:00Z The company, however, will need to get approval from the Treasury to exchange its preferred shares and warrants into common stock at 20 cents a share. Gerald Ford to invest $500 million in Pacific Capital 2010-04-29T17:03:00Z Elevation, whose stake in Palm mostly is in preferred shares and warrants, will receive about $485 million from the deal. H-P Gambles on Ailing Palm 2010-04-29T14:22:00Z Canada's No. 3 bank said it will issue 10 million preferred shares at a face value of C$25 each, raising gross proceeds of C$250 million. UPDATE 1-Scotiabank offers C$250 mln in pref shares 2010-03-29T19:55:00Z Both the Treasury Department and Federal Deposit Insurance Corporation still own trust preferred shares and warrants in the bank stemming from the bailouts. Treasury Plans to Sell Citigroup Shares This Year 2010-03-29T14:20:00Z Traders cited market talk that the issue of up to 65 million non-voting preferred shares would be priced at 64 to 65 euros each. VW jumbo rights issue set to raise over 4 billion euros 2010-03-25T13:59:00Z VW will issue 65 million new preferred shares in a move aimed at ensuring strong credit ratings as it continues its takeover of luxury brand Porsche. VW shares plunge on stock offer 2010-03-23T13:48:00Z That was mitigated somewhat because the recent drop in Palm’s share price caused a corresponding drop in the value of some preferred shares that count as derivatives on the balance sheet. Palm?s Loss Widened in Quarter 2010-03-18T20:41:00Z Underwriters, led by the bank's own Scotia Capital unit, will have the option to buy an additional 2 million preferred shares on the same terms. UPDATE 1-Scotiabank offers C$250 mln in pref shares 2010-03-29T19:55:00Z The company said it would pay an unchanged dividend of 30 cents for every common share and 32 cents for preferred shares. BMW and VW Results Show Money Is Still in Selling Luxury Cars 2010-03-11T18:34:00Z Under the terms of the deal, MetLife will pay about $6.8 billion in cash, with the rest of the purchase being made in a mixture of common and preferred shares. A.I.G. Sells Unit to MetLife 2010-03-08T11:58:00Z Investors typically request preferred shares, rather than the common shares retained by the founders and employees. How to Read a Term Sheet 2010-03-01T17:00:00Z The Federal Reserve Bank of New York, which holds preferred shares in A.I.A., would receive the first $16 billion in proceeds from a sale. British Company to Buy A.I.G.?s Asian Unit for $35 Billion 2010-03-01T10:49:00Z The Federal Reserve Bank of New York, which holds preferred shares in the division, would receive the first $16 billion in proceeds from the sale. British Firm Said to Be Near a Deal for A.I.G. Unit in Asia 2010-03-01T00:58:00Z BMW shares rose 1 percent in Frankfurt trading, while Volkswagen’s preferred shares rose 3 percent after the company said it would not sell as much new stock to finance acquisitions as investors had feared. BMW and VW Results Show Money Is Still in Selling Luxury Cars 2010-03-11T18:34:00Z The consideration would be composed of $25 billion in cash and $10.5 billion in equity, including possibly preferred shares, options and warrants. U.K.'s Prudential Nears $35.5 Billion Deal for AIG Unit 2010-02-28T21:44:00Z It plans to issue up to 135 million new preferred shares to fund the purchase of that marque, along with the Porsche Holding dealership group. Sharp drop in Volkswagen profits 2010-02-26T16:38:00Z Under the terms of the deal, Prudential would pay about $25 billion in cash and about $10.5 billion in a combination of stock, preferred shares and convertible preferred shares. British Company to Buy A.I.G.?s Asian Unit for $35 Billion 2010-03-01T10:49:00Z Millstein said the Treasury also may convert some of its preferred shares to common stock to sell in an IPO or afterward to reduce the taxpayers' stake. GMAC stabilized, IPO seen a year away: Treasury: 2010-02-25T17:50:00Z The Pittsburgh-based financial services company received approval to redeem the preferred shares held by the government under the Troubled Asset Relief Program, or TARP. 2010-02-03T05:00:00Z Its acquisition of nonvoting units of Blackstone and its early stake of preferred shares in Morgan Stanley are not listed in the filing, apparently because they are not traded equities. 2010-02-09T05:35:00Z The total will include common equity, income trusts, preferred shares and structured products for which there is a prospectus that is publicly distributed. 2010-01-22T20:27:00Z Thus, where preferred shares are created by the memorandum, their privileges are more secure than if merely issued under the articles. The New Gresham Encyclopedia. Vol. 1 Part 2 Amiel to Atrauli Only the preferred shares are offered to the public, and bear interest at 6%, which is guaranteed by the Army. The Social Work of the Salvation Army All the notes were converted into annuities or preferred shares, and all the shares were deposited with the company. The Great Events by Famous Historians, Volume 13 A, in New York, executes an order to buy for B in London, one hundred Union Pacific preferred shares on the New York Stock Exchange. Elements of Foreign Exchange A Foreign Exchange Primer |
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