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Mcloud Technologies Corp. 9.0% Series A Cumulative Perpetual Preferred Shares
21.2
0.0 (0.00%)
Last Update: 29 Nov 2023 17:30:00
Yesterday: 21.2
Day's Range: 21.2 - 21.2
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When Written:
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mCloud Technologies Corp. is a technology company that provides AI-powered asset management solutions. The company offers a variety of products and services, including asset performance management, energy management, and building automation.
The 9.0% Series A Cumulative Perpetual Preferred Shares are a type of preferred stock issued by mCloud Technologies Corp. These shares have a fixed dividend rate of 9.0% per year, which is paid quarterly. The dividends on these shares are cumulative, meaning that if the company misses a dividend payment, it must make it up before paying any dividends to common shareholders.
The Series A Preferred Shares do not have voting rights, but they have a higher priority than common shares in the event of a liquidation or bankruptcy. This means that if the company is liquidated, the holders of Series A Preferred Shares will receive their share of the proceeds before common shareholders.
Overall, the 9.0% Series A Cumulative Perpetual Preferred Shares are a relatively safe investment with a fixed dividend rate and a higher priority in the event of a company liquidation. However, they do not offer voting rights and may not have as much potential for capital appreciation as common shares.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The 9.0% Series A Cumulative Perpetual Preferred Shares are a type of preferred stock issued by mCloud Technologies Corp. These shares have a fixed dividend rate of 9.0% per year, which is paid quarterly. The dividends on these shares are cumulative, meaning that if the company misses a dividend payment, it must make it up before paying any dividends to common shareholders.
The Series A Preferred Shares do not have voting rights, but they have a higher priority than common shares in the event of a liquidation or bankruptcy. This means that if the company is liquidated, the holders of Series A Preferred Shares will receive their share of the proceeds before common shareholders.
Overall, the 9.0% Series A Cumulative Perpetual Preferred Shares are a relatively safe investment with a fixed dividend rate and a higher priority in the event of a company liquidation. However, they do not offer voting rights and may not have as much potential for capital appreciation as common shares.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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