41. Even though fund managers recognize the discrepancy, few are willing to put their money into preferred shares, citing difficulties in buying or selling the stock. 42. Firms lower financing costs selling these preferred shares because they can deduct dividends paid to investors on their tax returns. 43. Five-hundred preferred shares in BR will constitute one American depository receipt. 44. For each of the Hilton shares, ITT investors will also get a preferred share. 45. First Union bought back its preferred shares in March. 46. Freddie Mac organized two real estate investment trust subsidiaries, or REITs, in the first quarter that issued a type of stock known as step-down preferred shares. 47. Ford would be especially likely to sell its preferred shares if another rental car company sought to buy Budget, said Peter Jacobs, an analyst with Ragen MacKenzie. 48. Fresh Del Monte will use proceeds from the IPO for debt retirement, redemption of preferred shares, working capital and general corporate purposes. 49. Gains in Telebras non-voting preferred shares were offset by declines in the preferred shares of state-controlled oil company, Petroleos Brasileiros SA, or Petrobras, 50. Generally, there are few duller investments than utility preferred shares. |