Preferred stocks which deviate from the standard pattern -Part 3

C.Preferred issues which deviate from the standard pattern with respect to the holder's right to vote : Preferred stock usually has either no voting power or voting power shared with the common in such proportions that the latter is able to outvote the former.

Following is a partial list :

1.Classic examples of voting control of preferred stockholders.

Typical Examples :

2.Preferred stock with exclusive voting power.

Examples :

3. Preferred stock with controlling amount of voting power.

Examples :

4.Preferred stock with preponderant voting power due to multiple voting.

Examples :

5.Two preferred issues of same company with combined voting power in excess of that of the common .

Examples :

6.Preferred issues attaining exclusive voting power upon occurrence of certain events-usually failure to pay dividends for specified periods .

Examples :

7.Preferred issues which attain the right to elect a majority of the directors in the event of certain defaults .

Examples :

This brings us to the end of the deviation of Preferred shares in terms of dividend income , claim on assets and voting powers . Check out our next post which describes the difference between the common stocks and its deviation from the three factors .