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9358 shares of Allied's common stock pursuant to the terms of the certificate of designations governing the Preferred Stock on April 1, 2006.
01 per share, in accordance with the terms of the Certificate of Designations with respect to the Series B Preferred Stock (the "Certificate of Designations").
The Series B $1 Preferred certificate of designation grants the Company the right to redeem the Series B Preferred shares at $52.
00 cumulative convertible preferred stock pursuant to the terms of its certificate of designation.
As more fully described in the Offer Documents, the purposes of the Tender Offer and Consent Solicitation are to acquire a majority of the outstanding shares of Preferred Stock and to eliminate certain restrictive covenants and other provisions contained in the Certificate of Designations to facilitate the Company's efforts to operate the business of the Company free from some of the restrictions contained in the Certificate of Designations.
4 /PRNewswire/ -- Fleet Aerospace (NASDAQ: FLAIP) today issued the following: This notice is given pursuant to the certificate of designation, preferences and rights of 10 percent cumulative reset preferred stock of the corporation, traded on the NASDAQ OTC under the symbol FLAIP, (the "Certificate").
The Certificate of Designation for the Class B Common Stock provides that the Class B Common Stock was entitled, through September 4, 2006, to receive regular quarterly cash dividends that are at least 110% of any regular quarterly cash dividends that are paid on the Class A Common Stock.
The number of shares of KCS common stock payable to the record holders of the Series D Preferred Stock will be determined in accordance with the terms of the Certificate of Designations of the Series D Preferred Stock dated December 9, 2005.