Callable preferred shares
A) may be redeemed at any time at the shareholder's option.
B) may be called or redeemed at the option of the issuing corporation.
C) usually have voting rights.
D) have rights to participate in any new share issuance.

Question

Quizplus · Accepted Answer

Callable preferred shares may be called or redeemed at the option of the issuing corporation. This means that the company has the right to redeem the shares at a specified price and time, usually after a certain date has passed. The shareholder does not have the option to redeem the shares at any time. Callable preferred shares may or may not have voting rights, and they do not have rights to participate in any new share issuance.

Callable Preferred Shares