We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

What are stepped preference shares?

Stepped preference shares are relatively rare. Like zeros, they offer capital growth with a predetermined redemption value at wind-up. Unlike zeros, however, stepped preference share dividends should rise at a predetermined annual rate during the life of the trust. Returns will still rely on the performance of the trust's investments and neither capital nor income is guaranteed.

Still need help?

Contact us

Email us