Sentences with phrase «perpetual preferred stock»

The Federal Reserve Board announces the adoption of a final rule that will allow bank holding companies to include in their Tier 1 capital without restriction senior perpetual preferred stock issued to the U.S. Treasury Department under the Troubled Asset Relief Program (TARP).

A perpetual preferred stock is a type of preferred stock that has no maturity, or no specific buyback date, although they do have redemption features.

Unless redeemed, issued perpetual preferred stock will pay dividends indefinitely.

Not exact matches

There are two types of preferred stocks, called perpetual and non-perpetual.