Quarterly Income Preferred Securities - QUIPS

外汇网2021-06-19 14:23:36 170

Shares that are an interest in a limited partnership that exists solely for the purpose of issuing pferred securities and lending the proceeds of the sales to its parent company. They usually have a $25 par value, NYSE listing and cumulative quarterly distributions.

Taobiz explains Quarterly Income Preferred Securities - QUIPS

QUIPS are an example of hybrid securities, combining features of pferred stock and corporate bonds. Hybrids can pay a higher rate of return than pferred stock because pidends are paid with ptax dollars and, therefore, they generate a sizable tax break for corporations.

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