Monthly Income Preferred Securities - MIPS

外汇网2021-06-19 16:35:05 47

Shares that are an interest in a limited partnership existing solely for the purpose of issuing pferred securities and lending the proceeds of the sales to its parent company. MIPS usually have a $25 par value, NYSE listing and cumulative monthly distributions.

Taobiz explains Monthly Income Preferred Securities - MIPS

MIPS are hybrid securities, combining features of pferred stock and corporate bonds. Hybrids can pay a higher rate of return than pferred stock because pidends are paid with ptax dollars, generating a sizable tax break for corporations.

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