Voting rights of preferred shares
A preferred share normally does not vote, but gains a vote on matters affecting its rights and after its dividend has gone unpaid.
How to read the number
The vote works as a sanction: miss the payment and the holder participates in decisions alongside ordinary shares until distributions resume.
When the metric lies
When the vote appears and when it lapses is written in the articles and in statute, not in common sense; expecting it immediately after a skipped meeting is a frequent mistake.
Also known as: voting prefs