CDZIP

Cadiz, Inc. (preferred stock) represents a class of equity securities with preferential rights over common stock regarding dividend payments and liquidation proceeds. Preferred shares typically pay fixed or adjustable dividends and have priority claim on company assets in the event of liquidation. The underlying company, Cadiz, Inc., is a water resource development and agricultural company headquartered in Los Angeles, California, focused on sustainable water supply solutions. Cadiz owns extensive land holdings with significant groundwater resources in eastern San Bernardino County, California. Preferred stockholders generally do not have voting rights but receive more stable income compared to common shareholders. The specific terms of this preferred stock, including dividend rate, conversion features, redemption provisions, and liquidation preferences, are defined in the company's charter documents. Preferred stock may be cumulative, meaning unpaid dividends accumulate and must be paid before common dividends, or non-cumulative. Investors in preferred stock typically seek income stability and lower volatility compared to common equity.