Examples of Series A Preferred Securities in a sentence
The Series A Preferred Securities carry a non-cumulative preferred dividend of 6.75 per cent.
Holders of the Series A Preferred Securities are not, other than in certain specified circumstances, entitled to receive notice of or attend and vote at meetings of the shareholders of the Issuer.
Payment of preferred dividends are compulsory except that the directors of the Issuer are not required to declare a dividend on the Series A Preferred Securities in certain circumstances if, inter alia, in the opinion of the directors of the Bank payment of such preferred dividends would cause the Bank to breach certain Greek banking regulations.
Dividends on the Series A Preferred Securities may be declared by the directors of the Issuer in their sole discretion.
In the event of winding up, the holders of the Series A Preferred Securities are entitled to receive €1,000 per preferred security plus any accrued and unpaid preferred dividends.