Does anyone know what is the meaning of tree different options of Aviva share? Thank you.
Shares Available at Trading 212 platform:
AV
AV.A AVIVA 8 3/4% CUM IRRD PRF
AV.B AVIVA 8 3/8% CUM IRRD PRF
I am a bit confused about the second part ( AVIVA 8 3/8% CUM IRRD PRF) not sure what it does means.
Cheers guys.
I think they’re preference shares. Hopefully, someone with more knowledge will chime in as I don’t know an awful lot about the subject.
As well as ordinary shares, Aviva has two different types of preference shares, 8 3⁄4% and 8 3⁄8%. The shares have a nominal value of £1. The fixed dividend is cumulative in nature, ie if the fixed dividend is not paid in one year, it accrues and is payable as a debt to the shareholder until the dividend is brought up to date. The shares cannot be redeemed without approval by shareholders at an Extraordinary General Meeting.
One chart is split adjusted the other isn’t
