A Characteristic of Redeemable Preference Shares Is That

question 69

Multiple Choice

A characteristic of redeemable preference shares is that:

• A)the company is required to pay any accumulated preference dividends before a distribution can be made to ordinary shareholders.
• B)they may be re-purchased by the company out of profits or the proceeds of a new share issue.
• C)they may be converted into ordinary shares.
• D)such shareholders may be entitled to a return in excess of the stated preference dividend rate.

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