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Re: Jimmy Quick post# 158770

Saturday, 02/17/2018 12:27:21 PM

Saturday, February 17, 2018 12:27:21 PM

Post# of 255763
Retirement LMFAO $$Reclassification is $$Not $$Retired/Retirements
DEFINITION of 'Retired Securities' Securities that have been repurchased by the issuer out of the company's retained earnings and cancelled according to Securities & Exchange Commission (SEC) regulations. They have no market value and no longer represent a share of ownership in the issuing corporation.
Retired Securities - Investopedia
https://www.investopedia.com › terms ›

Reclassification of shares (also known as redesignating or renaming shares) is the process of converting issued shares from one class into another. This may be following a sale or company reorganisation or simply for administrative, historical or family reasons where shareholders choose or need to hold a different class of shares. This could be where ordinary shares are converted into one or more class of alphabet shares (A, B, etc) or in more complex arrangements, converted into certain types of preference or redeemable shares.


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