Goldman Sachs discloses common-stock restrictions tied to Series AA preferred dividends
Filed with the SEC on · Summarized by InvestorsBot
Upon issuing its Series AA Preferred Stock, Goldman Sachs said it may be restricted from declaring or paying dividends on, or buying, redeeming or otherwise acquiring, common stock if it fails to pay dividends on the preferred shares. The restrictions are detailed in the Series AA Certificate of Designations filed as Exhibit 3.1; the filing provides no amount or issuance date.