Redeemable Preferred Stock

Redeemable Preferred Stock (Equity) – Preferred equity where the issuer is obligated to redeem the security on specific date at a pre-agreed price.  This class of stock often has warrants accompanying the stock which enable the Investor to exercise them into common shares representing a shareholding in the Issuer equal to the redeemable stock. Warrants are exercisable for a nominal amount.