If the preferred stock were redeemed, the partnership would receive 40 percent of the dividends.
He said the partnership had received some proposals but could not predict when a decision might be made.
It also requires that the partnership receive Government permission to buy more stock.
Assuring that each partnership received regular updates and is of mutual benefit to both organizations.
Since 2000, these partnerships have received almost $7 million in rents from Commerce.
The partnership also receives an appointment as printer for the Pennsylvania assembly.
Two new local partnerships received initial financing this year.
In particular, the partnership should receive substantially more financing from alliance members.
In the first three competitive shows of the series the partnership received the highest scores from the judging panel.
More than 30 partnerships each received a $100,000 grant.