Dawson White Trust Declares Preferred Stock Dividends

Online, July 11, 2012 (Newswire.com) - Dawson White Trust is a leading global managed futures advisor, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, and high-net-worth individuals.

Dawson White Trust has declared dividends on the following series of its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock):

$139.38 per share of Rate Non-Cumulative Preferred Stock, Series A;
$287.40 per share of 6.20% Non-Cumulative Preferred Stock, Series B;
$155.56 per share of Rate Non-Cumulative Preferred Stock, Series C; and
$155.76 per share of Floating Rate Non-Cumulative Preferred Stock, Series D.

In addition, Dawson White Trust has declared a dividend of $2,800 per share of 10% Cumulative Preferred Stock, Series G.
The dividends on all series of preferred stock will be paid on November 11, 2012 to preferred shareholders of record on October 23, 2012.

Preferred stock, also called preferred shares, preference shares, or simply preferred, is a special equity security that has properties of both equity and a debt instrument and is generally considered a hybrid instrument. Preferred shares are senior to common stock, but are subordinate to bonds in terms of claim or rights to their share of the assets of the company.

Preferred stock usually carries no voting rights, but may carry a dividend and may have priority over common stock in the payment of dividends and upon liquidation. Terms of the preferred stock are stated in a "Certificate of Designation".

Similar to bonds, preferred stocks are rated by the major credit rating companies. The rating for preferred shares is generally lower since preferred dividends do not carry the same guarantees as interest payments from bonds and they are junior to all creditors.