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I'm not saying that this doesn't exist but in 20+ years of investing in and trading preferred stocks, as well as buying IPOs of preferred stocks, I have never seen this. OTOH, I have seen and traded many equity IPOs that had one or more warrants attached. Until the warrant(s) becomes detachable, you can only trade the unit as a whole. Once the warrants ...


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The source you cited is likely wrong. Preferred stock would have custom, ad hoc terms regardless. A company could definitely sell preferred stocks with detachable warrants that still gets dividends. Maybe the author of that article is implying it's standard practice to do such a thing, but I don't think so. The value of the preferred stock would be little ...


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