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Perpetual debt comes in two types: cumulative and noncumulative.
The 20 percent participation, noncumulative convertible shares were initially issued to Eastern employees in 1983.
First Maryland Bancorp, six million shares of $25 noncumulative preferred.
Santander Overseas Bank, nine million shares noncumulative $25 preferred stock.
Flagstar Capital, 2 million shares $25 noncumulative preferred.
Preferred stock may be cumulative or noncumulative.
For noncumulative perpetual debt, if payments are missed, they do not accrue and the cash flow is lost.
Tier One capital includes retained earnings, money paid in by common shareholders and noncumulative perpetual preferred stock.
Carolina First Corp., 540,000 shares of noncumulative convertible preferred.
A stock without this feature is known as a noncumulative, or straight, preferred stock; any dividends passed are lost if not declared.
California Federal Bank, Los Angeles, 3 million shares of $25 noncumulative preferred.
Nevertheless the side-effects of Gefitinib were only "generally mild, manageable, noncumulative, and reversible."
Continental Savings of America, 2.25 million shares, down from 3.5 million, of noncumulative convertible preferred.
Royal Bank of Scotland, $250 million of noncumulative American depository preference stock.
National Westminster Bank, eight million shares of $25 noncumulative preference stock, Aa-3/AA-.
Extecapital Ltd., 6 million shares of $25 noncumulative guaranteed preferred, A-3/A. Merrill Lynch.
Cybernetics Products Inc., an initial public offering of 1.25 million shares of $7 class A noncumulative redeemable convertible preferred.
California Federal Bank, two million shares of $100 noncumulative perpetual preferred, series B. Smith Barney Shearson.
Quarterly (noncumulative) data files since January 2004 are available for downloading on the AERS website.
One is core capital, which includes only retained earnings and funds from the sale of common stock and another type of security called noncumulative perpetual preferred stock.
Banco Bilbao Vizcaya, eight million shares of $25 noncumulative perpetually preferred, A-1/A/--.
The Bank of New York Company is publicly offering $100 million of fixed- and adjustable-rate noncumulative preferred stock through Morgan Stanley & Company.
Chevy Chase Preferred Capital Corp., 3 million shares of $50 noncumulative exchangeable perpetual preferred, B1/B/---.
Crossland's common and preferred stockholders, in exchange for their shares, would own 15 percent of Crossland common stock and all of a new series of noncumulative perpetual preferred stock.
The unsecured note will be converted to a $15 million preferred equity, or subordinated debt security, with a noncumulative dividend payment that will be at the same interest rate as that of the new bonds.