Examples of B Preferred Shares in a sentence
The Series B Preferred Shares may be converted into common shares of the Company at the ratio of one Series B Preferred Share for each common share of the Company at the sole discretion of the Company.
These Series B Preferred Shares were cancelled at February 29, 2016.
We determined that the Series B Preferred Shares are a participating security, and accordingly, our basic and diluted net income / loss per share is calculated using the two-class method.
Holders of Series B Preferred Shares will participate in any dividends declared or paid on our Class A common stock on an as-converted basis.
The Company is also authorized to issue, in one or more series, an unlimited number of Class B Preferred Shares without nominal or par value.
The Series B Preferred Shares will rank pari passu with our Series A Convertible Preferred Stock and senior to all other equity securities of the Company in respect of payment of dividends and distribution of assets upon liquidation.
In January, 2013 the Company issued 50,000 series B Preferred Shares to Louis E.
Under the two-class method, basic net income / loss per common share is computed by dividing the net income available to common shareholders after deducting contractual amounts of accretion on our Series B Preferred Shares and the income allocated to these shares by the weighted-average number of common shares outstanding during the period.
The Series B Preferred Shares may be converted into common shares of the Company at the ratio of one Series B Preferred Share for each common share at the sole discretion of the Company.
The holders of the Common Shares are entitled to elect all of the directors on the DTCC Board, other than the two directors who are elected by the holders of the Series A Preferred Shares and the Series B Preferred Shares.