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share is one type of class of shares offered in a mutual fund that charges a sales load. The other common share classes are Ashares and Cshares. With Bshares, an investor pays a sales charge when they redeem from the fund, known as a backend sales load or a contingent deferred sales charge (CDSC).
Class B shares often carry fewer voting rights than Class A shares, but they may have other advantages, such as lower fees or higher dividends. One of the main advantages of Class B shares is that they can provide investors with access to companies that they might not be able to invest in otherwise.
B shares also have voting rights in the company, but their dividends are worked out based on a lower rate. C shareholders have the same rate of dividends as A shareholders, but have no voting rights at all.
Class B shares typically have lower dividend priority than Class A shares and fewer voting rights. However, different classes do not usually affect an average investor's share of the profits or benefits from the company's overall success.
Investors also see an important difference between series A and series B. Series A investors know there's a greater risk, and therefore they can pay a lower equity price. In return for parting with their cash they will expect high future returns. Series B investors are more risk averse.
share is a share class that charges a sales load in a mutual fund. This means investors pay a charge when they redeem from the fund. This is different from a frontloaded fund, which requires payment upon purchase.
Conversion. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
Class A, common stock: Each share confers one vote and ordinary access to dividends and assets. Class B, preferred stock: Each share confers one vote, but shareholders receive $2 in dividends for every $1 distributed to Class A shareholders. This class of stock has priority distribution for dividends and assets.