Preffered Equity - What are the actual mechanics vs the model

March 22, 2024
by a searcher from The University of Chicago - Booth School of Business in Greenwich, CT, USA
Hi all,
Seen different treatments of Pref Equity. Most common accumulate each year return to the beginning of year balance, and pay everything back at exit.
How is this working in reality? Will there be yearly distributions if enough CF after debt is paid? Who's deciding this and how?
Thank you