Hi Mr Lee,
As I understand, all preference share holders are allowed to attend their respective companies AGMs if they have not received dividends in full for the preceding year.
According to an answer by 'final1' at http://forums.hardwarezone.com.sg/stocks-shares-indices-92/genting-singapore-perpetual-subordinated-capital-securities-5-125%25-3679888-6.html#post65821831 based upon info from 09/04/2012-Genting Singapore PLC- Offer Information Statement (S277) : page 18- 'Status of the Securities'-
It seems that these Genting Subordinated Capital Securities holders do not get to attend nor vote at AGMs unlike Preference Share holders (under the condition whereby dividends for the prior year are not fully paid), besides being paid as like the most junior of preference share holders would in the case of the company going bust.
Could it then be said that Genting Capital Securities holders are having a worst deal than that of a preference share holder should such a position come into existence later?
http://www.martinlee.sg/genting-bonds/comment-page-1/#comment-131087
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http://www.martinlee.sg/genting-bonds/comment-page-1/#comment-131087
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