Patents by Inventor Farhad Abasov
IN KIND PARTICIPATING PREFERRED SECURITY
Application number: 20110131068
Abstract: The present invention is generally directed to systems and methods for creating a new hybrid financial instrument, which addresses key concerns of investors and meets the financing requirements of investee companies. An embodiment of the present invention describes a new type of security called an “in-kind participating preferred security” (IPPS). The IPPS contract entitles the holder to a contingent in-kind dividend, payable periodically in the commodity produced by the issuer or in cash, which ever is of greater value. At expiration, the IPPS is redeemed by the company at its in-kind par value upon origination or in cash, which ever is greater.
Type: Application
Filed: April 24, 2009
Issued: June 2, 2011
Inventors: William A Lupien, John T. Rickard, Farhad Abasov
