Examples of Series H Preferred in a sentence
On April 10, 2007, the Company filed Articles of Amendment to Articles of Incorporation with Secretary of State of Florida to authorize 100 shares of Series H Preferred Stock, $0.0001 par value, which was cancelled on May 21, 2010.
The Series H Preferred Stock pays dividends of 10% per annum and is convertible into shares of Common Stock at the lower of the closing bid price on the conversion date or 75% of the market value of the Common Stock on the conversion date.
Each share of Series H Preferred Stock shall be identical in all respects to every other share of Series H Preferred Stock.
Series H Preferred Stock will rank equally with Parity Stock, if any, and will rank senior to Junior Stock with respect to the payment of dividends and the distribution of assets in the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation.
Additionally, People’s United outstanding preferred stock was converted into new shares of Series H Preferred Stock of M&T.