Equity investments are securities which represent ownership in businesses. This ownership is purchased in the form of shares.

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Feature Article: Types of Preferred Shares

The one thing constant about preferred shares is their seniority. Preferred shareholders are the senior equity holders in a company and have "preference" in terms of dividend payments and distributions in the case of bankruptcy. Beyond this, preferred shares come in many varieties. Their payment terms and structure are very flexible and lead to the many different types of preferred shares available in the financial markets.
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