#GateSquare$50KRedPacketGiveaway 🔍 Deep Dive: The Strategy Behind the Move
While the announcement sounds purely positive, "smart analysis" requires looking at the trade-offs:
Cheap Equity vs. Expensive Debt: From the company's perspective, these shares are often cheaper than issuing common stock (because they don't dilute voting power as much) but more expensive than traditional debt. However, because they are "perpetual," they don't create a "refinancing cliff" down the road.
Credit Rating Shield: Rating agencies often treat perpetual preferreds as "equity-like." This allows the company to r