ShopNBC Announces Agreement to Restructure GE Preferred Stock

ShopNBC (NASDAQ: VVTV), the premium
lifestyle brand in electronic retailing, today announced an agreement with
GE to restructure and extend its $44.3 million payment obligation under the
Series A Redeemable Convertible Preferred Stock, currently held by GE and
scheduled to mature in the spring of 2009.
As part of the agreement, GE agreed to exchange all of its Series A
Redeemable Convertible Preferred Stock for the following:
-- An upfront cash Read the rest of this entry »

February 19, 2009 | , , , , ,
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Annaly Capital Management, Inc. Announces Preferred Dividends

You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while
ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being
an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory,
lose all the value of your investment if Read the rest of this entry »

February 14, 2009 | , , , , ,
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Virginia Commerce Bancorp Receives $71 Million Preferred Stock …

Virginia Commerce Bancorp, Inc. (the "Company”), (Nasdaq: VCBI), the
parent company of Virginia Commerce Bank, announced that today it
completed the sale and issuance of $71,000,000 of a new series of its
preferred stock to the United States Department of the Treasury. The
Treasury’s investment was made pursuant to the Capital Purchase Program
established under the Emergency Economic Stabilization Act. The Company
also issued to the Treasury a warrant Read the rest of this entry »

November 23, 2008 | , , , , , ,
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New York Times Co. in Talks With Carlos Slim on Preferred Stock …

New York Times Co. is close to a deal with Mexican billionaire Carlos Slim to raise about $250 million, the latest in a series of moves by the newspaper publisher to shore up its troubled finances.
Under terms being discussed on Monday, Mr. Slim would receive an annual dividend of about 10% to 15% on his investment for as long as 10 years, as well as securities that could be converted into common stock.
It isn't clear whether Mr. Slim -- who is Read the rest of this entry »

October 11, 2008 | , , , , , , ,
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Wyeth Declares Common and Preferred Stock Dividends

When a business borrows money so it can reinvest it in hopes of getting a higher return, it's called leverage. Using loaned
money, the company can make larger investments, and, therefore, receive larger returns. At least, that's the theory. However,
along with leverage comes risk, because it not only magnifies the potential profit, but the potential loss as well.
Here¿s
how it could work. Say a company Read the rest of this entry »

September 13, 2008 | , , , , ,
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Independent Bank Corporation Closes on the Sale of Preferred Stock …

Any statements in this news release that are not historical facts are
forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. Words such as "expect," "believe," "intend," "estimate,"
"project," "may" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are predicated on
management's beliefs and assumptions based on information known to Independent
Bank Read the rest of this entry »

June 16, 2008 | , , , , , ,
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Fannie, Freddie's preferred stock cut to 'Ca' after govt bailout …

Thomson Financial News
Fannie, Freddie's preferred stock cut to 'Ca' after govt bailout - Moody's
09.08.08,
1:31 AM ET
Investors Service affirmed the 'Aaa' senior long-term debt, 'Prime-1' short-term debt, and 'Aa2' subordinated debt ratings of
and Federal Home Loan Mortgage Corporation after the U.S. Treasury moved to support both companies.
) lowered the preferred stock ratings for both companies to 'Ca' from 'Baa3' and lowered Read the rest of this entry »

May 28, 2008 | , , , , , ,
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GIC Wants to Keep Preferred Stock

A major Singaporean investor in Citigroup Inc. doesn't currently plan to convert its preferred shares into common stock as part of a potential U.S. government effort to help the ailing bank, according to people familiar with the matter.
But Government of Singapore Investment Corp., a sovereign-wealth fund that has seen the value of its initial US$6.88 billion investment in Citigroup plunge in recent months, could face a dilemma if the bank reaches Read the rest of this entry »

April 2, 2008 | , , ,
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Fannie to Pay Third-Quarter Preferred Stock Dividends (Update1)

Sept. 10 (Bloomberg) --
, the mortgage-finance
company seized by the U.S. government, will be permitted to pay
its third-quarter preferred stock dividends.
The dividends were declared prior to Fannie being placed in
conservatorship, ``and are therefore an outstanding obligation to
be honored,'' the Washington-based company said in a statement.
The Treasury Department and Federal Housing Finance Agency
on Sept. 7 put Fannie and Freddie Read the rest of this entry »

January 24, 2008 | , , , , , ,
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Updated Information Regarding Auction Preferred Securities Market …

BOSTON, Oct 27, 2008 (BUSINESS WIRE) --
MFS Investment Management(R)
(MFS) today announced the availability of information on the results of
the weekly auctions for the week ending October 24, 2008, that determine
the dividend rate payable on the auction rate preferred shares issued by
the closed-end funds identified below. The data is posted online at
and can be accessed by clicking on "News &
Commentary," Read the rest of this entry »

January 6, 2008 | , , , , , ,
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