Understanding Mandatorily Redeemable Shares: Key Facts and Examples

Mandatorily redeemable shares must be redeemed at a specific time or event, acting as a built-in call option for the issuer.
San Antonio Express-News

Redeemable Shares vs. Convertible Shares

The terms "redeemable shares" and "convertible shares" refer to different types of preferred stock. If a preferred stock is redeemable, it means that the issuing company can exchange those shares for ...
Seeking Alpha

Canadian General Investments: Redemption of 3.75% Cumulative Redeemable Class A Preference Shares, Series 4 (CGI.PR.D)

TORONTO, Canada, April 14, 2023 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI:CA) announced today that it has provided notice to holders of its $75,000,000 3.75% Cumulative Redeemable ...
Nasdaq

Mid-America Apartment Communities Series A Cumulative Redeemable Preferred Shares Ex-Dividend Reminder

On 3/14/25, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) will trade ex-dividend, for its quarterly dividend of $1.0625, payable on 3 ...
Nasdaq

Transalta Corporation's Cumulative Redeemable Rate Reset First Preferred Shares, Series C Shares Cross 6.5% Yield Mark

In trading on Wednesday, shares of Transalta Corporation's Cumulative Redeemable Rate Reset First Preferred Shares, Series C (TSX: TA-PRF.TO) were yielding above the 6.5% mark based on its quarterly ...
Fox2Now St. Louis

XAI Octagon Floating Rate & Alternative Income Trust Announces Private Placement of $73 Million of Mandatory Redeemable Preferred Shares

CHICAGO, Oct. 01, 2025 (GLOBE NEWSWIRE) -- XAI Octagon Floating Rate & Alternative Income Trust (the “Trust”) (NYSE: XFLT), a diversified, closed-end management investment company with an investment ...
Seeking Alpha

ALTAGAS ANNOUNCES INTENTION TO REDEEM ALL OUTSTANDING SERIES A AND SERIES B PREFERRED SHARES

CALGARY, AB, Aug. 29, 2025 /CNW/ - AltaGas Ltd. (ALA:CA) ("AltaGas" or the "Company") (TSX: ALA.PR.A) (TSX: ALA.PR.B) announces its intention to redeem all of its 6,746,679 issued and outstanding ...
Morningstar

ABRDN INCOME CREDIT STRATEGIES FUND (ACP) ANNOUNCES ISSUANCE OF SERIES A MANDATORILY REDEEMABLE PREFERRED SHARES

PHILADELPHIA, Dec. 18, 2025 /PRNewswire/ -- abrdn Income Credit Strategies Fund (NYSE: ACP) has closed a $100 million private offering of Series A Mandatorily Redeemable Preferred Shares due December ...

Enzon Announces Extension of Exchange Offer Relating to Series C Non-Convertible Redeemable Preferred Stock

Continental Stock Transfer & Trust Company, the depositary for the offer, has advised Enzon that, as of 5:00 p.m., Eastern Time, on February 26, 2026, a total of 12 shares of Series C Preferred Stock ...
Business Wire

Triton International Announces Initial Dividend on Series F Preference Shares and Updates Dividend Dates on Series A-E Preference Shares

HAMILTON, Bermuda--(BUSINESS WIRE)--February 14, 2025 – Triton International Limited (“Triton” or the “Company”) today announced that its Board of Directors has declared an initial dividend on its ...

TransAlta Corporation Provides Conversion Right and Dividend Rate Notice for Series A and B Preferred Shares

TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any portion of the currently outstanding ...

Biocon Invests ₹315.34 Crore In Subsidiaries Through Preference Shares, Boosting Capex

Biocon Limited has invested Rs 315,34,42,850 in its wholly owned subsidiaries Biocon Biosphere Limited and Biocon Pharma Limited through the acquisition of Optionally Convertible Redeemable ...