Maine Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock is a legal document used by corporations in the state of Maine to outline the specific terms, conditions, and rights associated with the issuance of Series C Convertible Preferred Stock. This form is typically filed with the Maine Secretary of State's office and becomes part of the corporation's official records. The Maine Form of Certificate of Designations, Preferences, and Rights of Series C Convertible Preferred Stock includes various sections that provide detailed information about the stock. These sections typically include the following: 1. Designation: This section specifies that the stock being issued is Series C Convertible Preferred Stock and assigns it a specific designation. 2. Number of Shares: The form includes details about the number of authorized shares of Series C Convertible Preferred Stock that the corporation is issuing. 3. Dividends: This section outlines the dividend rights and preferences associated with the Series C Convertible Preferred Stock, including the dividend rate, payment frequency, and whether dividends are cumulative. 4. Conversion: This section explains the conversion rights of the Series C Convertible Preferred Stock, including the conversion price, conversion ratio, and any restrictions or conditions for conversion. 5. Voting Rights: The form specifies the voting rights granted to holders of Series C Convertible Preferred Stock, including the number of votes per share and any special voting provisions. 6. Liquidation Preference: This section details the liquidation preferences associated with the Series C Convertible Preferred Stock, including the priority and amount of payment in the event of a liquidation or dissolution of the corporation. 7. Redemption: If applicable, the form may include provisions for the redemption of Series C Convertible Preferred Stock, including the redemption price and any redemption restrictions. It's important to note that the Maine Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock may vary slightly from corporation to corporation based on specific needs and provisions. Different types or series of preferred stock (Series A, Series B, etc.) may also have their own distinct forms tailored to the specific terms and conditions associated with them.
Maine Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
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Class C shares give stockholders an ownership stake in the company, just like Class A shares, but unlike common shares, they do not confer voting rights on shareholders. As a result, these shares tend to trade at a modest discount to Class A shares.
Class C Preferred Stock means the Issuer's Preferred Stock, Series C. Based on 7 documents. 7. Class C Preferred Stock means capital stock, issued in one or more series, having the rights and obligations specified with respect to Class C Preferred Stock in the Charter and these Bylaws.
Who Should Invest in Class C Shares? Because of the back-end load charged on short-term redemptions, investors who plan to withdraw funds within a year may want to avoid C-shares. On the other hand, the higher ongoing expenses associated with C-shares make them a less-than-ideal option for long-term investors.
Class C shares are often purchased by investors who have less than $1 million in assets to invest in a fund family and who have a shorter-term investment horizon, because during those first years Class C shares will generally be more economical to purchase, hold and sell than Class A shares.
Because of the higher 12b-1 fees, Class C shares have higher expenses and any dividends paid on these shares are lower than dividends on Class A and Class R shares.
Series C Convertible Preferred Stock means the Series C Convertible Redeemable Preferred Stock, par value $. 01 per share, of the Company, having the same voting rights as the Class A Common Stock determined on an as converted basis.
A certificate which contains a copy of the board resolution setting out the powers, designations, preferences or rights of a class or series of a class of stock of a corporation (typically a series of preferred stock) if they are not already contained in the certificate of incorporation of the corporation.
Series C Preference Shares means the number of shares of Parent Common Stock obtained by adding (a) the number of shares of Parent Common Stock equal to the product of (i) the number of shares of Series C Preferred Stock outstanding immediately prior to the Effective Time, multiplied by (ii) the quotient of (A) the sum ...