Queens New York Reclassification of Class B common stock into Class A common stock
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FAQ
'A' group stocks are the most liquid, have higher trading volumes, and fulfil the compliances of the exchange. 'B' group shares witness normal trading volumes and come under the rolling settlement system. Shares of small and medium companies are classified under 'S' group.
Class B shares are a classification of common stock that may be accompanied by more or fewer voting rights than Class A shares. Class B shares may also have lower repayment priority in the event of a bankruptcy.
Key Takeaways. Berkshire Hathaway Class A is the company's original stock offering, known for its stratospheric price per share. Berkshire Hathaway Class B shares, first issued in 1996, are more modestly priced and have a correspondingly modest share of equity value in the company.
Class B Shares Sometimes called a back-end load, the CDSC normally declines the longer your hold your shares and, eventually, is eliminated. Within two years after the CDSC is eliminated, Class B shares often "convert" into lower-cost Class A shares.
Commonly, Class B shares have a lesser priority on dividend than Class A shares. But, different share classes do not usually affect the share of profits or benefits from the overall success of the enterprise by an average investor.
Key Takeaways. Class A shares refer to a classification of common stock that was traditionally accompanied by more voting rights than Class B shares. Traditional Class A shares are not sold to the public and also can't be traded by the holders of the shares.
In addition, Class B shares may convert to Class A shares if held long term. Although the absence of a load means the entire purchase price of the shares is invested into the mutual fund, rather than having a percentage subtracted upfront, Class B shares have higher 12B-1 and annual management fees than Class A shares.
Class A shares may offer 10 voting rights per stock held, while class B shares offer only one. It depends on how the company decides to structure its stock. Class B shares are lower in payment priority than Class A shares.
Investors purchasing Class B shares may instead pay a fee when selling their shares, but the fee may be waived when holding the shares five years or longer. In addition, Class B shares may convert to Class A shares if held long term.