What is a preference share?

Qred has two types of shares, ordinary shares and preference shares.
Preference shares give priority to dividends. Qred's preference share pays a fixed dividend of 7.0% per year. Since the dividend is paid monthly, it corresponds to an effective annual interest rate of approximately 7.2%. Both types of shares entitle the holder to participate and vote at a general meeting. Please note that Qred's preference shares are not freely transferable to any other person, but that the owner of Qred's preference shares has the right to request that the company redeem the shares at ANY time at SEK 10,000 per share.