Art G
Thinks s/he gets paid by the post
- Joined
- Nov 5, 2007
- Messages
- 1,052
If a company has many issues of a preferred stock in the market, then goes belly up, how are preferred shareholders paid, if anything?
Do they go in alphabetical order, paying off series A before Series B? Or does every Series get a percentage? I can't seem to find a definitive answer. Thanks.
Do they go in alphabetical order, paying off series A before Series B? Or does every Series get a percentage? I can't seem to find a definitive answer. Thanks.