Search Elements:
- Taxonomy
- us-gaap
- Name
- ParticipatingPreferredStockSubjectToMandatoryRedemptionMember
- Label
- Participating Preferred Stock Subject to Mandatory Redemption [Member]
- Period Type
- duration
- Type
- dtr-types:domainItemType
- Definition
- Shares that embody an unconditional obligation requiring the issuer to redeem the securities by transferring the assets at a specified or determinable date (or dates) or upon an event that is certain to occur. These shares 1) provide a specific dividend that is paid before dividends are paid to common stock holders, 2) take precedence over common stock in the event of a liquidation, 3) do not enjoy any of the voting rights of common stockholders, and 4) pay an additional dividend (the participating dividend) when common stock dividends exceed a specified amount.
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