MIPS, QUIPS AND TOPrS: OLD WINE IN NEW BOTTLES
Monthly Income Preferred Stock (MIPS), Quarterly Income Preferred Stock (QUIPS), and Trust Originated Preferred Stock (TOPrS) all carry the title of preferred stock. As in the case of other forms of preferred stock, investors cannot force the issuer into bankruptcy if it fails to make a scheduled dividend payment. Unlike conventional preferred stock, however, the dividend payments on these new securities are deductible by the issuer for tax purposes. 1998 Morgan Stanley.
Year of publication: |
1998
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Authors: | Khanna, Arun ; McConnell, John J. |
Published in: |
Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 11.1998, 1, p. 39-44
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Publisher: |
Morgan Stanley |
Saved in:
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