Callable preferred stock gives the issuing corporation the right to repurchase the preferred shares from its shareholders at a specified price.

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Callable preferred stock allows the issuing corporation to repurchase the shares from its shareholders at a specified price, which is typically higher than the current market price. This feature may be exercised by the issuer after a certain date or at any time depending on the terms of the security.

Callable Preferred Stock Gives the Issuing Corporation the Right to Repurchase