11.  He also said the agreement would benefit preferred shareholders by streamlining costs and raising profitability.

12.  It had to protect preferred shareholders from dilution, sell the new shares at a higher price and raise more capital and prepare a proper prospectus.

13.  Preferred shareholders will have the option of exchanging the preferred stock five years from the date of issuance for Tele-Communications stock.

14.  Preferred shareholders will have three weeks in which to decide whether they want to take up the issue.

15.  Per-share figures reflect the payment of dividends to preferred shareholders.

16.  She has asked the bankruptcy court to appoint a preferred shareholders committee, arguing that UDC, while it has cash problems, is not hopelessly insolvent.

17.  Slusark said the company would not disclose the names of the preferred shareholders who forced the action.

18.  That deal offers preferred shareholders about three times more equity in the restructured company than common stockholders.

19.  The company would pay preferred shareholders the original stock price plus accrued dividends, the company said.

20.  The fund takes the difference between its borrowing cost and what is paid to the preferred shareholders and uses that to bolster the return of the common shares.