Preferred shares,which have the most restrictive features,are:

Question

Quizplus · Accepted Answer

Noncumulative means the missed dividends do not accumulate and cannot be paid in the future. Non-participating means the preferred shareholders are not entitled to additional dividends beyond their fixed rate. Nonvoting means the preferred shareholders do not have voting rights. These three features make the preferred shares more restrictive compared to the other options listed.

Preferred Shares,which Have the Most Restrictive Features,are