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gcmbrokers

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gcmbrokers

Re: Thumpa post# 58874

Wednesday, 02/06/2019 11:51:53 PM

Wednesday, February 06, 2019 11:51:53 PM

Post# of 74987
Think of preferred shares as a first mortgage. The bank gets paid back first before a second mortgage issuer in the case of a default. Preferred share holders have a higher claim for assets and earnings than common holders.
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