Issue Model AA and Common Stock

common stocks: However, they will be generally nontransferable for five years after issuance, according to Asahi Shimbun. Toyota plans to issue the Model AA shares serially over the five years from July 2015. Its new Model AA shares will be preferred stock with the same voting rights as its common stock. Stocks listed on exchanges are typically common stocks. They also entitle their owners to a pro rata share of any dividend distributions and distribution of residual assets upon liquidation of the company. Common stocks confer voting rights in proportion to the number of shares owned. (news.financializer.com). As reported in the news.