participating preference shares

简明释义

有权参与分享额外利润的优先股

英英释义

例句

1.Investors often prefer to buy participating preference shares because they offer both fixed dividends and additional profit-sharing opportunities.

投资者通常更喜欢购买参与优先股，因为它们提供固定的股息和额外的利润分享机会。

2.The company issued participating preference shares to attract investors who seek more than just fixed returns.

公司发行了参与优先股以吸引那些寻求不仅仅是固定回报的投资者。

3.When the company declared a special dividend, holders of participating preference shares received an additional payout.

当公司宣布特别股息时，持有参与优先股的投资者获得了额外的分红。

4.In a successful year, holders of participating preference shares can benefit significantly from the company's profits.

在成功的一年中，持有参与优先股的投资者可以从公司的利润中受益匪浅。

5.During the annual meeting, the board discussed the advantages of participating preference shares for both the company and its shareholders.

在年度会议上，董事会讨论了参与优先股对公司及其股东的优势。

作文

In the world of finance and investment, understanding different types of shares is crucial for both investors and companies. One such type is participating preference shares, which are unique in their structure and benefits. These shares combine features of both equity and debt instruments, providing a hybrid investment option that appeals to many investors. To fully grasp the significance of participating preference shares, it is essential to explore their characteristics, advantages, and potential drawbacks.Firstly, participating preference shares are a class of shares that give shareholders the right to receive dividends at a fixed rate before any dividends are distributed to ordinary shareholders. However, what sets them apart is the additional benefit of participating in the company’s profits beyond the fixed dividend. This means that if the company performs exceptionally well, holders of participating preference shares can receive extra dividends based on the company's surplus profits. This feature makes them attractive to investors who seek not only stability through fixed returns but also potential for higher earnings when the company thrives.Moreover, participating preference shares often come with certain rights that protect investors. For instance, in the event of liquidation, these shareholders typically have a priority claim over assets before common shareholders receive anything. This priority can provide a sense of security, especially in volatile markets where company performance may fluctuate.Another advantage of participating preference shares is their ability to attract a diverse range of investors. Companies issuing these shares can appeal to those who may be wary of the risks associated with common stock but still want some exposure to the upside potential of the business. This can help companies raise capital more effectively, as they can offer a more appealing investment product.However, it is important to consider the drawbacks of participating preference shares. One significant concern is that they may dilute the earnings per share for common shareholders, especially if the company experiences substantial growth and pays out larger dividends to preference shareholders. Additionally, while participating preference shares provide a fixed dividend, this return is not guaranteed in the same way that interest payments on bonds are. In challenging economic conditions, companies may choose to suspend dividend payments, leaving preference shareholders with no income.Furthermore, the complexity of participating preference shares can be a barrier for some investors. Understanding the specific terms and conditions associated with these shares requires a certain level of financial literacy. Investors need to be aware of how these shares operate within the broader context of the company’s capital structure and overall financial health.In conclusion, participating preference shares represent a unique investment opportunity that blends elements of equity and debt. They offer fixed dividends and the potential for additional profit sharing, making them appealing to a wide range of investors. However, like any investment, they come with risks and complexities that must be carefully considered. By understanding the nature of participating preference shares, investors can make more informed decisions that align with their financial goals and risk tolerance. As the financial landscape continues to evolve, staying informed about such investment options will be crucial for navigating the complexities of modern finance.

在金融和投资的世界中，理解不同类型的股票对投资者和公司都至关重要。其中一种类型是参与优先股，它们在结构和利益上是独特的。这些股票结合了股权和债务工具的特点，提供了一种混合投资选择，吸引了许多投资者。要全面理解参与优先股的重要性，必须探讨其特征、优势和潜在缺点。首先，参与优先股是一类股票，赋予股东在向普通股东分配任何股息之前，优先获得固定利率股息的权利。然而，使它们与众不同的是，参与公司超额利润的额外收益。这意味着，如果公司表现特别好，参与优先股的持有者可以根据公司的盈余利润获得额外的股息。这一特点使它们对寻求通过固定回报获得稳定性，同时在公司繁荣时也能获得更高收益的投资者具有吸引力。此外，参与优先股通常附带某些权利，以保护投资者。例如，在清算事件中，这些股东通常在普通股东获得任何资产之前，享有优先索赔权。这种优先权可以在市场波动时提供一定的安全感，尤其是在公司业绩可能波动的情况下。另一个优势是，参与优先股能够吸引各种投资者。发行这些股票的公司可以吸引那些可能对普通股相关风险感到担忧，但仍希望对企业的上行潜力有所接触的投资者。这可以帮助公司更有效地筹集资金，因为他们可以提供更具吸引力的投资产品。然而，考虑到参与优先股的缺点也很重要。一项重大担忧是，如果公司经历显著增长并向优先股东支付更大股息，它们可能会稀释普通股东的每股收益。此外，虽然参与优先股提供固定股息，但这种回报并不像债券的利息支付那样有保障。在经济条件严峻的情况下，公司可能选择暂停股息支付，使优先股东没有收入。此外，参与优先股的复杂性可能对一些投资者构成障碍。理解与这些股票相关的具体条款和条件需要一定程度的金融素养。投资者需要了解这些股票如何在公司资本结构和整体财务健康的更广泛背景下运作。总之，参与优先股代表了一种独特的投资机会，融合了股权和债务的元素。它们提供固定股息和额外利润分享的潜力，使其对广泛的投资者具有吸引力。然而，像任何投资一样，它们伴随着需要仔细考虑的风险和复杂性。通过理解参与优先股的性质，投资者可以做出与其财务目标和风险承受能力相一致的更明智的决策。随着金融环境的不断发展，了解此类投资选择将对驾驭现代金融的复杂性至关重要。