Examples of Class A Cumulative Preferred Stock in a sentence
The series of preferred stock authorized hereunder shall be designated as the "Class A Cumulative Preferred Stock." The number of shares constituting such series shall initially be 10,000,000, which number may from time to time be changed (but not above 10,000,000 or below the number then outstanding) by the Board of Directors.
This class of Preferred Stock shall be designated as Class A Cumulative Preferred Stock (the “Class A Preferred Stock”) and 5,000,000 shall be the authorized number of shares of such Class A Preferred Stock constituting such class.
A class of Preferred Stock of the Company designated as "7.9% Class A Cumulative Preferred Stock" (the "Class A Preferred Stock") is hereby established.
In addition, Aimco held ten apartment communities in its unencumbered asset pool with a total estimated fair market value of approximately $570.0 million.Equity ActivityPreferred Equity Issuances - As previously announced, on May 12, 2014, Aimco priced an underwritten public offering of five million shares of its 6.875% Class A Cumulative Preferred Stock.
Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, however, that no decrease shall reduce the number of Class A Cumulative Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Class A Cumulative Preferred Stock.
The shares of Class A Cumulative Preferred Stock shall not be redeemable by the Corporation and shall not be converted into any other class of stock of the Corporation.
Accruing Dividends, if declared, shall be payable annually on the last business day of each year (each of such dates being hereinafter referred to as a “Dividend Payment Date”) following the original date of issuance of Class A Cumulative Preferred Stock.
OTHER MATTERS Dividends: Subsequent to quarter end, the Cooperative declared a cash dividend of $.43 per share on the Class A Cumulative Preferred Stock.
Attached hereto as Attachment A is a true, correct, accurate and complete copy of the Articles of Incorporation as Amended, restated as so amended (the "Restated Articles") (excluding the Certificate of Designation setting forth the rights, preferences, privileges, and designations creating and establishing the Class A Cumulative Preferred Stock of PGI Incorporated which remain in effect but are filed separately with the Secretary of State of the State of Florida).
Any shares of Class A Cumulative Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.