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Wall Street Ditches Common Stock Like a Bad Habit—Pivots to Preferred Shares for Easy Money
Wall Street Ditches Common Stock Like a Bad Habit—Pivots to Preferred Shares for Easy Money
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Common equity? Too mainstream. In a move that reeks of ''been there, diluted that,'' capital-hungry firms are fleeing common share issuance like a sinking ship—opting for the velvet-rope exclusivity of preferred stock instead.
Preferred shares—the private equity darling—now steal the spotlight as companies chase capital without the pesky baggage of shareholder democracy. Who needs voting rights when you’ve got yield-hungry investors lining up?
Another masterclass in financial engineering—because nothing says ''healthy markets'' like stacking the capital structure with layered obligations. Just don’t ask what happens when the music stops.
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