preference share

简明释义

优先股

英英释义

例句

1.The company issued preference shares to raise capital without diluting ownership.

公司发行了优先股以筹集资金，而不稀释所有权。

2.In case of liquidation, holders of preference shares are paid before common shareholders.

在清算情况下，优先股持有者在普通股东之前获得支付。

3.Investors often prefer to buy preference shares because they provide fixed dividends.

投资者通常更喜欢购买优先股，因为它们提供固定的股息。

4.Investing in preference shares can be a safer option for risk-averse investors.

对于厌恶风险的投资者来说，投资于优先股可能是一个更安全的选择。

5.Unlike common stock, preference shares usually do not carry voting rights.

与普通股不同，优先股通常不具有投票权。

作文

In the world of finance and investment, understanding different types of shares is crucial for making informed decisions. One such type is the preference share, which is often considered a hybrid between debt and equity. Unlike ordinary shares, preference shares come with specific advantages that appeal to certain investors. This essay will explore the characteristics of preference shares, their benefits, and their role in the capital structure of a company.Preference shares are a class of shares that typically grant shareholders preferential treatment when it comes to dividends and asset distribution during liquidation. This means that holders of preference shares receive dividends before ordinary shareholders, making them a less risky investment option. The fixed dividend rate associated with preference shares provides a steady income stream, which is particularly attractive to risk-averse investors seeking stability in their portfolios.One of the key features of preference shares is their cumulative nature. If a company is unable to pay dividends in a given year, the unpaid dividends accumulate and must be paid out before any dividends can be distributed to ordinary shareholders. This characteristic adds an extra layer of security for preference share holders, as it ensures that they will eventually receive their due payments, even if there are temporary financial difficulties.Another advantage of preference shares is that they often come with a fixed redemption date, allowing investors to plan their exit strategy more effectively. This feature contrasts with ordinary shares, which do not have a specified redemption date and can remain in circulation indefinitely. Because of this fixed timeline, preference shares can be particularly appealing to those who prefer certainty in their investments.However, it is essential to note that preference shares do not usually carry voting rights, which means that investors may have less influence over corporate decisions compared to ordinary shareholders. This lack of voting power can be a drawback for some investors who wish to engage more actively in the governance of the companies they invest in. Nevertheless, many investors prioritize the income stability provided by preference shares over the potential for capital appreciation that ordinary shares offer.In terms of capital structure, preference shares play a vital role in providing companies with necessary funding while minimizing dilution of ownership. By issuing preference shares, a company can raise capital without giving up control, as these shares do not typically confer voting rights. This allows companies to maintain their operational autonomy while still accessing funds for growth or expansion.In conclusion, preference shares represent a unique investment opportunity that combines elements of both equity and debt. Their fixed dividends, cumulative nature, and potential for redemption make them an attractive choice for certain investors, particularly those seeking lower risk and stable income. While they do lack voting rights, the benefits of preference shares often outweigh this disadvantage for many. Understanding the role and function of preference shares within the broader context of a company's capital structure is essential for any investor looking to diversify their portfolio and manage risk effectively.

在金融和投资领域，理解不同类型的股票对于做出明智的决策至关重要。其中一种类型是优先股，它通常被视为债务和权益之间的混合体。与普通股票不同，优先股具有特定的优势，吸引某些投资者。本文将探讨优先股的特征、其好处以及它在公司资本结构中的作用。优先股是一种股票类别，通常在分红和清算资产分配方面给予股东优先待遇。这意味着优先股的持有者在普通股东之前获得分红，使其成为一种风险较小的投资选择。与优先股相关的固定分红率提供了稳定的收入来源，这对于寻求投资组合稳定性的风险厌恶型投资者特别具有吸引力。优先股的一个关键特征是其累积性质。如果一家公司在某一年无法支付分红，未支付的分红将累积，必须在向普通股东分配任何分红之前支付给优先股持有者。这一特性为优先股持有者增加了额外的安全层，因为它确保他们最终会收到应得的付款，即使在暂时的财务困难情况下。优先股的另一个优势是通常附带固定的赎回日期，使投资者能够更有效地规划退出策略。这个特性与普通股形成对比，普通股没有指定的赎回日期，可以无限期流通。因此，优先股可能对那些更喜欢投资确定性的投资者特别有吸引力。然而，值得注意的是，优先股通常不附带投票权，这意味着投资者可能对公司决策的影响力较小。这种缺乏投票权的情况对于一些希望更积极参与其投资公司的治理的投资者来说可能是一个缺点。然而，对于许多投资者来说，他们更看重优先股所提供的收入稳定性，而不是普通股所提供的资本增值潜力。在资本结构方面，优先股在为公司提供必要资金的同时，减少了所有权稀释的作用。通过发行优先股，公司可以筹集资金而无需放弃控制权，因为这些股份通常不赋予投票权。这使得公司能够在不失去运营自主权的情况下，仍然可以获得用于增长或扩展的资金。总之，优先股代表了一种独特的投资机会，结合了债务和股权的元素。其固定分红、累积性质和赎回潜力使其成为某些投资者的吸引选择，特别是那些寻求较低风险和稳定收入的投资者。尽管它们缺乏投票权，但对于许多人来说，优先股的好处往往超过了这一劣势。理解优先股在公司资本结构中的角色和功能，对于任何希望多样化其投资组合并有效管理风险的投资者而言都是至关重要的。