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Preferred equity redemption stock (PERC) |
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Preferred equity redemption stock (PERC)Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives.Preferred equity redemption stock (PERC) Similar MatchesRedemption cushionRedemption cushionThe percentage by which the conversion value of a convertible security exceeds the redemption price (strike price). Redemption PeriodRedemption PeriodA time period during which a mortgage, landcontract, deed of trust, etc., can be redeemed. Usually set by statute, and after judicial foreclosure. Redemption priceRedemption priceSee: Call price Redemption chargeRedemption chargeThe commission a mutual fund charges an investor who is redeeming shares. For example, a 2% redemption charge (also called a back end load) on the sale of shares valued at $1000 will result in payment of $980 (or 98% of the value) to the investor. This charge may decline or be eliminated as shares are held for longer time periods. Redemption feesRedemption feesFees imposed by a mutual fund on shareholders who dispose of shares within a relatively short period after purchase. Further SuggestionsredemptionMandatory redemption schedule Redemption Right of redemption Redemption penalties Redemption right of redemption Extended redemption penalty redemption yield gross redemption yield Overhanging redemption penalty Redemption Redemption date Redemption statement redemption date Redemption penalty overhang redemption price Serial redemption Redemption fee |
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