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Preferred stock does not offer the same potential for profit as common stock but it is a more stable investment vehicle because it guarantees a regular dividend not directly tied to the market like the price of common stock. This type of stock guarantees dividends, unlike common stock.
The other advantage of preferred stock is that preferred stockholders get priority when it comes to dividend payment. In the event of a company's liquidation, preferred stockholders get paid before those owning common stock. In addition, if a company goes bankrupt, preferred stockholders enjoy priority distribution of the company's assets; while holders of common stock do not receive corporate assets unless all preferred stockholders have been compensated.
Like common stock, preferred stock represents ownership in a company. However, owners of preferred stock do not get voting rights in the business.
Convertible Preferred Stock
Convertible preferred stock is a type of stock which has a conversion price named at its issuance so that it can be converted to a company's common stock at the set rate.
Virgin Gold Convertible Preferred Stock such as CPS-PLATINUM and CPS-SILVER will automatically be converted into Common Stock of the company when the company chooses to go public. CPS holders will not be required to pay extra money for the conversion exercise.
Virgin Gold Convertible Preferred Stockholders are entitled to a fixed monthly dividend payment as agreed at the time of subscription. Convertible preferred stockholders may also unsubscribe their shares by giving 60 days’ notice to the company for a full refund of the subscription amount.