For whatever its worth, and for anyone who doesn't full grasp preference shares (guilty), here's the definition from Investopedia:
Definition of 'Preference Shares'
Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a company bankruptcy, preferred stock shareholders have a right to be paid company assets first. Preference shares typically pay a fixed dividend, whereas common stocks do not. And unlike common shareholders, preference share shareholders usually do not have voting rights.
Also referred to as preferred stock.
QFX Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held
