Change Class Of Shares In Franklin
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Class A shares typically grant greater voting rights than other classes. This difference is often only pertinent to shareholders who want to take an active role in the company. Nevertheless, because of those voting rights, A-shares are often higher valued than B-shares.
Class A-1 Shares means the class A-1 exchangeable non-voting shares in the capital of the Company.
Series A-1 Preferred Stock means shares of the Company's Series A-1 Preferred Stock, par value $0.0001 per share. Series A-2 Preferred Stock means shares of the Company's Series A-2 Preferred Stock, par value $0.0001 per share.
This process is most commonly referred to as a 'redesignation', 'reclassification', or 'renaming' of shares. It involves converting issued shares from their existing class, i.e. 'type' or 'classification', to a different one.
Class A and Class B shares are typically suitable for long-term investment and financially capable investors who can meet the high expense ratios. Class C shares are typically suitable for short-term investments, which is appropriate for investment beginners.
