Sentences with phrase «preferred share issue»

A fund set up to retire most or all of a debt or preferred share issue over a period of time.

2014.01.21 Royal Bank of Canada announces increase to preferred share issue Royal Bank of Canada (RY on TSX and NYSE) today announced that as a result of strong investor demand for its previously...

The fund is referred to as «aggressive» because the composition of the fund does not necessarily reflect the composition of its benchmark index: it may invest in preferred shares issued by Split Share Corporations, for instance, and is not required to hold such classes of shares as floating rate issues, which are expected to underperform for the foreseeable future.

CPD holds about 150 different preferred share issues, though unique issuers number about 32.

Norm responds: Generally speaking, preferred shares issued by Canadian corporations that pay eligible dividends are tax advantaged.

The S&P / TSX Preferred Share Index is comprised of preferred shares issued primarily by financial companies (65 per cent of the index currently).

Not exact matches

Hedge fund manager David Einhorn at Greenlight Capital has made plenty of headlines in demanding that Oppenheimer open up the spigots and issue preferred shares that Einhorn believes would increase Apple's stock by one - third.

If that's not aggressive enough for your tastes, you could always make the governments provincial issues, and the corporates preferred shares, in which case I advocate straight preferreds over floating rate issues right now.

In essence, if correct, this means there is less price risk in government debt securities than corporate fixed income issues, and therefore the extra 10 % should largely be made up of government bonds rather than corporates and preferred shares.

How many shares of common and preferred stock have been authorized and issued, and who owns what?

Upon liquidation, holders of such debt securities and preferred shares, if issued, and lenders with respect to other borrowings would receive a distribution of our available assets prior to the holders of our common stock.

Furthermore, over 90 % of the S&P 500 companies have the flexibility to issue similar preferred shares.»

In the event the Company issues shares of additional stock, subject to customary exceptions, after the preferred stock original issue date without consideration or for a consideration per share less than the initial conversion price in effect immediately prior to such issuance, then and in each such event the conversion price shall be reduced to a price equal to such conversion price multiplied by the following fraction:

Warrant to purchase shares of convertible preferred stock issued to TriplePoint Capital LLC, dated as of March 17, 2010.

On December 31, 2009, the Company had 5.18 billion outstanding shares of common stock, and approximately 734 million shares reserved for issuance for outstanding convertible preferred stock, the warrant issued in connection with the TARP CPP investment, dividend reinvestment, deferred compensation plans, long - term incentive compensation awards, and in connection with employee benefit plans.

creation of additional shares of Series C convertible preferred stock; or (iii) effect a change of control, liquidation, dissolution, or winding up of the Company in which the holders of Series C convertible preferred stock would receive an amount per share less than the original issue price plus any declared but unpaid dividends on such shares of Series C convertible preferred stock.

These shares usually have less voting rights than the Class A Shares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the sharehoshares usually have less voting rights than the Class A Shares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the sharehoShares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the sharehoshares has the most voting rights and when they are issued to the shareholders.

on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

In preference to the holders of our common stock, each share of preferred stock is entitled to receive, on a pari passu basis, cash dividends at the rate of 6 % of the original issue price per annum on each outstanding share of preferred stock.

Between June 2013 and August 2013, the Registrant issued and sold to six accredited investors an aggregate of 19,433,258 shares of Series D convertible preferred stock, at a purchase price of $ 2.21 per share, for aggregate consideration of $ 42,999,970.

In September 2012, the Registrant issued warrants to purchase 1,080,000 shares of its Series C convertible preferred stock at an exercise price of $ 1.00 per share to two accredited investors.

In May 2007, the registrant issued and sold an aggregate of 18,440,449 shares of the registrant's Series D preferred stock to a total of 29 accredited investors at $ 2.4403 per share, for aggregate proceeds of $ 45,000,227.

Each share of convertible preferred stock may be converted, at the option of the holder, at any time into common stock as is determined by dividing the applicable original issue price by the conversion price as adjusted for certain dilutive issuances, splits and combinations.

The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

In May 2006 and June 2006, the registrant issued and sold an aggregate of 35,242,290 shares of the registrant's Series C preferred stock to a total of 32 accredited investors at $ 1.135 per share, for aggregate proceeds of $ 39,999,999.

In February 2008, the registrant issued warrants to purchase an aggregate of 866,091 shares of the registrant's Series E preferred stock to 19 accredited investors at an exercise price of $ 2.5124 per share.

Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.

However, in January 2010, we issued a warrant to the DOE in connection with the closing of the DOE Loan Facility to purchase shares of our Series E convertible preferred stock.

Conversion of preferred stock occurs automatically and immediately upon the earlier to occur of the closing of a firm commitment underwritten public offering pursuant to an effective registration statement filed covering the offer and sale of common stock in which (i) the aggregate public offering price equals or exceeds $ 25 million, (ii) with respect to the Series F convertible preferred stock only, the public offer price per share of which is not less than one times the original issue price of the Series F convertible preferred stock, (iii) with respect to the Series E convertible preferred stock only, the public offer price per share of which is not less than one times the original issue price of the Series E convertible preferred stock and (iv) with respect to the Series D convertible preferred stock only, the initial public offering price per share of which is not less than two times the original price of preferred stock, or the date specified by holders of at least 60 % of the then outstanding Series B convertible preferred stock, Series C convertible preferred stock, Series D convertible preferred stock, Series E convertible preferred stock, Series F convertible preferred stock and Series G convertible preferred stock, provided however, that in the event that the holders of at least 65 % of the then outstanding shares of holders Series G convertible preferred stock, at least a majority of the then outstanding shares of Series F convertible preferred stock or at least of 65 % of the then outstanding share of Series E convertible preferred stock do not consent or agree to the conversion, conversion shall not be effective to any shares of the relevant series of Series G convertible preferred stock, Series F convertible preferred stock or Series E convertible preferred stock for which the approval threshold was not achieved.

all issued and outstanding shares of convertible preferred stock and common stock of various classes would be converted into shares of common stock.

We anticipate that, after consummation of the transactions contemplated by the 2014 Recapitalization and upon the closing of this offering, only the Post-IPO Note, and none of the Related - Party Notes or the Related - Party Warrants, would remain outstanding, and all of our issued and outstanding shares of convertible preferred stock and common stock of various classes would be converted into shares of common stock.

We anticipate that, after consummation of the transactions contemplated by the 2014 Recapitalization Agreement and upon the closing of this offering, only the Post-IPO Note, and none of the Related - Party Notes or the Related - Party Warrants, would remain outstanding, and all of our issued and outstanding shares of convertible preferred stock and common stock of various classes would be converted into shares of common stock.

Barclays issued a report about the downside risk of the concessions renewal on the Company's common and preferred shares.

The U.S. government parties did not pay any losses under the agreement and will keep $ 5.2 billion of $ 7 billion in trust preferred securities as well as warrants for common shares that were issued by Citigroup as consideration for such guarantee.

This is because the corporation typically needs to increase the authorized number of common shares to allow for the future conversion of the newly issued preferred stock into common stock.

We try to opt for raw almond butter over peanut butter because it doesn't share the same allergen and toxicity issues of peanuts but our girls prefer the taste of peanut butter.

(i) is certainly a legitimate position (which I suspect many / most contributors to LC do hold), but it isn't the only way to address the issue of sharing a multi-faith and secular society, and isn't my own preferred approach.

And did we mention that Colin also has some serious daddy issues in the form of Rayne Pryce (Peter Fonda), a storied civil rights - era mayor who weathered his own share of scandals with his Teflon bayou charm (but always preferred the roar of the crowd to the company of his own family)?

Students universally tell us they prefer dealing with questions rather than answers, sharing their opinions, participating in group projects, working with real - world issues and people, and having teachers who talk to them as equals rather than as inferiors.

Whether you're new to the topic (start with Required Reading), want to dig a bit deeper (Optional is for you), or prefer to talk through the issue with good friends over crackers and cheese (which should lead you to our monthly Book Club offering), there's something in this one for you and everyone you know, so share it widely!

When students feel that they can make a difference by addressing real issues, have minimum directions, and feel free to find their own way forward (as opposed to using the «teacher - preferred» way), they persistently focus on thinking, share their thoughts, and build on the thinking of their peers.

These identifiers are mostly important for bonds and other non-common stock securities (like the preferred shares above), because there is typically a lot more different issues.

In his self - published book (available from Amazon), Turnbull explains that when he worked as a broker he would «recommend stocks, bonds, mutual funds, preferred shares, structured products, term deposits, new issues, and other types of securities, according to client preferences.»

A company may be able to reduce interest expense by calling an outstanding preferred share class and issuing a new share class at a lower spread above the benchmark yield.

For example, sometimes companies will issue preferred shares.

Call Risk Appears Limited for Preferreds Both preferreds and high yield bonds share call risk, though preferreds tend to have more callabPreferreds Both preferreds and high yield bonds share call risk, though preferreds tend to have more callabpreferreds and high yield bonds share call risk, though preferreds tend to have more callabpreferreds tend to have more callable issues.

Some funds also seek more specialized corporate issues such as preferred stocks or convertible bonds that can be traded in for a specific number of company shares.

In the last six years, financial institutions have been issuing preferred shares as subordinate capital to meet the international capital standards.

A feature included in the terms of a new issue of debt or preferred shares to make the issue more attractive to initial investors.

The maximum number of common (or preferred) shares that a corporation may issue under the terms of its charter.