The 'Participating' in Participating Preference Shares Means That the Shareholders

The 'participating' in participating preference shares means that the shareholders may:

A) Vote at annual meetings.
B) Vote at annual meetings if preference dividends have not been paid.
C) Participate in a conversion of preference shares into ordinary shares.
D) Receive a share of any further profits that are to be distributed to ordinary shareholders after the payment of the preference dividend.
E) None of the given answers.