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What Does Quarterly Income Preferred Securities – QUIPS Mean?

April 26, 2017income mean quarterly quips securities

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What Does Quarterly Income Preferred Securities – QUIPS Mean?

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Shares that are an interest in a limited partnership that exists solely for the purpose of issuing preferred 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.

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