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Preference share (See Chapters 7 and 21 of the Vernimmen)
Preference share, one of the categories of privileged shares, confers pecuniary advantages in exchange for the total or partial lack of voting rights. These advantages can include: a claim to a greater proportion of Earnings than is paid out on other shares, a higher priority in Dividend distribution, a cumulative Dividend (case of the non-voting PDS), etc. Also called preferred share.
Preference share (See Chapters 7 and 21 of the Vernimmen)
Preference share, one of the categories of privileged shares, confers pecuniary advantages in exchange for the total or partial lack of voting rights. These advantages can include: a claim to a greater proportion of Earnings than is paid out on other shares, a higher priority in Dividend distribution, a cumulative Dividend (case of the non-voting PDS), etc. Also called preferred share.
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