8.2 Preferred Shares

In this section

• 8.2.1 Features of Preferred Shares
  An in-depth study of the characteristics of preferred shares as a hybrid security with both equity and debt features, focusing on fixed dividends and their priority over common share dividends.
• 8.2.2 Types of Preferred Shares
  A detailed exploration of the different types of preferred shares, focusing on cumulative, non-cumulative, convertible, and non-convertible features.
• 8.2.3 Priority and Claim
  Understanding the priority and claim rights of preferred shares, including claim on assets and dividend payment hierarchy.
• 8.2.4 Risks and Considerations
  An in-depth look at the risks associated with preferred shares, focusing on interest rate sensitivity and credit risk.