Preferred shares are a type of equity security that represent ownership in a company. They are similar to common stock, but they have some key differences. Preferred shares typically have a higher dividend yield than common stock, but they also have a lower potential for capital appreciation. This is because preferred shares are typically not entitled to vote on corporate matters, and they have a lower claim on the company’s assets in the event of liquidation.
TD Preferred Shares are a type of preferred share issued by TD Bank Group. TD Preferred Shares offer a number of benefits, including a steady stream of income, potential for capital appreciation, and tax advantages. TD Preferred Shares are also relatively safe, as they are backed by the financial strength of TD Bank Group.