1.   Indeed, Fleet was eager to liquidate the preferred shares, because they legally precluded it from integrating those newly acquired assets.

2.   The other important class of shares is preferred shares.

3.   In particular, preferred shares offer a fixed dividend, like bonds and unlike ordinary shares.

4.   There are several types of preferred shares.

5.   There are also redeemable preferred, convertible preferred and callable preferred shares.

6.   They are sometimes reserved in the Articles as class rights attaching to the preference shares or the preferred ordinary shares.

7.   Preferred ordinary shares will represent the institutional equity, giving rights, in terms of income or on a winding up, in preference to those of management.

8.   Also included in the purchase price are preferred shares and the assumption of debt.

9.   Among her top money makers were convertible preferred shares in Cox Communications, a cable company.