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The note holders were willing to accommodate the preferred stockholders with a small piece of the proceeds, but would not share the proceeds on a pro rata basis.
techcrunch.com
Under the plan, noteholders and preferred stockholders swapped their securities for new notes and 95 percent of the new common stock in the reorganized company.
www.lexology.com
The preferred stockholders could not show the irreparable injury to their property rights necessary to obtain relief in equity.
en.wikipedia.org
To do the deal, the company needed the approval of its preferred stockholders.
techcrunch.com
Cumulative preferred stock requires that any past, omitted dividends must be paid to the preferred stockholders before the common stockholders will be paid any dividend.
en.wikipedia.org
Note that creditors take precedence over preferred stockholders, though.
www.dispatch.com
Preferred stockholders do not need to take any action to receive this redemption payment.
www.digitaljournal.com

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