Preferred dividends targeted again
Article Abstract:
The Clinton administration has introduced a budget proposal for FY 1999 that would restrict tax deductions from preferred stock dividends, a move that could force issuers of preferred stock to shell out a higher dividend. The proposal aims to simplify procedures regarding the taxation of preferred stock purchases and to raise an estimated $74 million in new tax revenues in the next five years by comparing an institutional investor's total debt with all of its assets, including preferred stock. The ruling would apply to any firm with both debt on its balance sheet and a stock investment in another corporation.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1999
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A good junk story still sells
Article Abstract:
DeCrane Aircraft Holdings Inc was able to get a B plus rating for its junk bonds even though the prices and the attractiveness of junk bonds continue to fade. Observers and company sources maintain that the company was able to get buyers for its junk bonds because of the company's history as an innovator and consolidator in the business. The story suggests that junk bonds may be viable.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1998
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