Primary Characteristic of Preference Shares? | NISM9 Exam Prep | NISM IX Merchant Banking

Understand the nuances of different shares for your NISM9 exam. What is the primary characteristic of preference shares? Get a clear and concise answer for your NISM Series IX Merchant Banking studies.

Features:
✅ Fixed Dividend
✅ Preferential treatment during liquidation
✅ No voting rights (usually)

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