Bread Financial Launches Offering Of Depository Shares Representing 1/40 Interest In Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C.
The Company expects to apply to list the Depositary Shares on The New York Stock Exchange.
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Why It Matters
Bread Financial is selling a new type of special stock called preferred shares. This helps them raise money, and you can watch it to see if they need cash.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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