Preference shares are today a relatively neglected instrument of corporate finance. The current conventional wisdom of the City is that they offer none of the upside of ordinary shares and none of the tax advantages of loan notes. I have an alternative perspective. True, preference share dividends are not tax deductible, unlike loan interest payments. …
August 2015 archive
Permanent link to this article: http://www.goldenguinea.com/in-praise-of-preference-shares/
Golden Guinea Tweets
have data = falseRecent Posts
Archives
- January 2017
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- August 2014
- March 2014
- February 2014
- August 2013
- July 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
Categories
- A Scots Pound
- An economic strategy for an independent Scotland
- Balfour Beatty 10.75p Convertible Preference Shares
- Bank of Japan
- Banking analysis
- Banking reform
- Bond bubble
- Bond buying opportunities
- British monetary policy
- Charles Smith Brodies In Memoriam
- Charles Smith Brodies LLP
- City Book Fair November 13th 2012
- Coutts
- Cyprus exit from the euro
- Dow Jones Industrial Average
- ECB Policy
- Economic forecasts
- Emile Durkheim
- Enterprise Inns bonds
- Eros International 6.5% bonds
- Eurozone crisis
- Fiscal Cliff
- Flight to gold
- Forecasting errors on Brexit
- FTSE 100
- Game Theory and the Brexit Negotiations
- George Ross-Goobey
- Greek exit from the euro
- Greek Tourism VAT
- Henry George
- High Yield Bonds
- High Yield Sterling Bond Portfolio
- High Yield Sterling Bonds
- HM Treasury's political neutrality
- HM Treasury's report on the economic impact of Brexit
- Howard Buffett
- Hyman Minsky
- Indicators of sovereign debt default
- International currency reform
- International Personal Finance 6.125% bonds
- James Mirrlees
- Joseph Schumpeter
- Keynesian economics
- Kondratieff
- Land Value Tax
- Long waves in the UK economy
- Milton Friedman
- Monetary policy
- Mr Micawber
- Newcastle Building Society 10.75% PIBS
- Oil market imbalances
- OneSavings Bank 6.591% Perpetual Subordinated Bonds
- PIBS
- Ponzi schemes
- Preference Shares
- Preference Shares quoted on the London Stock Exchange
- Premier Oil 5% bonds
- Pricing anomalies in fixed income securities
- Public Accounts Committee
- Quantitative easing
- Rea Holdings 9% Preference Shares
- Reinhart-Rogoff
- Scotland's fiscal future
- Scottish currency union
- Scottish fiscal reform
- Scottish independence debate
- Sir Mervyn King's record as Governor of the Bank of England
- Skipton Building Society 6.875% PIBS
- Spanish sovereign debt
- Sterling Bond Prices
- Sterlingisation
- The Brexit Bounce
- The distributional effects of asset purchases
- The economic conseques of Brexit
- The High Yield Bond Hypothesis
- The Quantity Theory of Money
- The velocity of circulation
- Theresa May's Brexit Speech January 17th 2017
- UK Taxation
- US Federal Debt
- US Federal Reserve
- US fiscal cliff
- VAT and fiscal policy
- Why has the UK economy performed so well since Brexit?
- World Stock Markets
Recent Comments