Class B shares,
Definition of Class B shares:
Mutual fund shares that carry a back-end load. Sometimes referred to simply as B Shares. Compare to Class A Shares; Class C Shares.
A detailed description of a company's different classes of stock is included in the company's prospectus, bylaws, and charter.
Class B shares are a classification of common stock that may be accompanied by more or fewer voting rights than Class A shares. Class B shares may also have lower repayment priority in the event of a bankruptcy.
How to use Class B shares in a sentence?
- Such a dual-class structure might be instituted if the original owners of the company wanted to sell the majority of their stake in the firm but still maintain control and make key decisions.
- Class B shares are issued by corporations as a class of common stock with fewer voting rights and lower dividend priority than Class A shares.
- Class B shares may also refer to mutual fund shares that carry no sales load.
Meaning of Class B shares & Class B shares Definition