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Post# of 867014
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bcde

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Re: Donotunderstand post# 588414

Wednesday, 01/22/2020 1:02:18 PM

Wednesday, January 22, 2020 1:02:18 PM

Post# of 867014
"JPS are equity"

The meaning of equity is ownership in the company.

JPS do not have any ownership or voting rights in the company.

JPS are considered equity for the purpose capital only. It is just because of non-cumulative dividends.

JPS are basically fixed interest bonds but lower in preference to debt holders.
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