Which of the following propositions is not true of preference shares?

Question

Quizplus · Accepted Answer

Preference shares do not necessarily entitle holders to a pro rata share of any surplus assets on winding up. This depends on the terms of the specific preference share issue. However, they do entitle holders to repayment on winding up in preference to ordinary shareholders and to dividends at a fixed rate if and when dividends are declared. They also do not generally come with voting rights.

Which of the Following Propositions Is Not True of Preference