Which of the Following Is Incorrect

Which of the following is incorrect?

A) Preferred stock always is issued with a maturity date.
B) Preferred stock is ownership of a corporation that has preference over common stock.
C) Most preferred stockholders have preference over common stockholders with respect to income and assets.
D) Preferred stock provides the owner with a claim to a fixed amount of equity that is established when the shares are first issued.
E) Usually, no payments can be made to common shareholders until preferred shareholders have been paid the dividends they are due.