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Preferred and Derivatives FP Equities – Preferred and Derivatives The edition of FP Equities--Preferreds & Derivatives is organized into three main sections:The Preferred Shares section lists outstanding publicly and privately held preferred shares with detailed descriptions of their features. Separate tables list convertible, exchangeable and retractable preferred share issues. The Ratings section consists of ratings supplied by Dominion Bond Rating Service Limited (listed by company and by rating) and Standard & Poor's (listed by company). The ratings are effective as at May 13, 2009 and April 03, 2009 respectively. The Derivatives section covers four distinct areas:
All shares, preferred securities, structured products, Income Trusts and warrants outstanding as at May 13, 2009 have been included. Trading prices reflect closing price on or recent to May 13, 2009. Preferred shares are fixed income securities . Whereas common share dividends are tied to the earnings of the issuing company, preferred shares entitle the holder to a fixed dividend income. Preferred dividends are not a legal obligation of the company and can therefore be omitted. Most preferred dividends are cumulative, however, meaning that unpaid dividends accumulate and the company is prohibited from paying dividends on its common shares until the arrears have been paid in full.
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