Three percent preferred stock issued before November 21, 1989.

CFR · 2024-01-01 · US · Title 13

Before November 21, 1989, Preferred Securities were available only in the form of preferred stock and had a preferred and cumulative dividend of 3 percent. If you have such preferred stock outstanding, you must follow § 107.1400 (except for § 107.1400(d)), substituting “3 percent” for “4 percent” throughout.) Dividends on 3 percent

official document · source cfr-2024 · id 13:§ 107.1440