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 Glossary   >   M   >   "Monthly Income Preferred Securities - MIPS" Definition   

        Monthly Income Preferred Securities - MIPS

Shares that are an interest in a limited partnership existing solely for the purpose of issuing preferred securities and lending the proceeds of the sales to its parent company. They usually have a $25 par value, NYSE listing, and cumulative monthly distributions.

Monthly Income Preferred Securities - MIPS


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Monthly Income Preferred Securities - MIPS - Shares that are an interest in a limited partnership existing solely for the purpose of issuing preferred securities and lending the proceeds of the sales to its parent company. They usually have a $25 par value, NYSE listing, and cumulative monthly distributions.


Monthly Income Preferred Securities - MIPS : shares that are an interest in a limited partnership existing solely for the purpose of issuing preferred securities and lending the proceeds of the sales to its parent company. they usually have a $25 par value, nyse listing, and cumulative monthly distributions.