Preferred stocks which deviate from the standard pattern -Part 2

B.Preferred issues which deviate from the standard pattern with respect to the holders's interest in assets:

1.Preferred issues with no claim on assets whatever..

Typical Examples :

2.Preferred issues with no preference to assets .

Typical Examples.

3.Preferred issue with abnormally low preference to assets in relation to par value and dividend rate.

Typical Examples :

4.Preference to assets subject to voluntary modification on the part of the holder by shifting his position .

(1)Convertible issues discussed above are of this type.
(2) Warrant-bearing issues also fall into this class where the holder has the right to surrender his preferred in exercising his subscription privilege.

5.Preferred issues with a right to share in surplus assets beyond a stated sun payable on liquidation.

(1) Preferred stocks with participating dividends which share in surplus assets.
(2) Preferred stocks which do not carry participation dividend rights but which have the right to share in surplus assets.

6.Preferred stocks with participating dividends but without rights to share in surplus assets.

Typical Examples :

7.Preferred stock with mortgage lien.

Typical Examples :

8. Preferred stock callable at very high premium.

Typical Examples.

9.Preferred stock subject to compulsory redemption .

Typical Examples.

10. Preferred stocks guaranteed as to principal in event of liquidation.

Typical Examples :

Preferred shares with the holders right to vote continued next post ( contd... Part 3 )