KSB SE & Co. KGaA Preference Shares

KSB SE & Co. KGaA Preference Shares represent non-voting preferred equity in KSB SE & Co. KGaA, a German company headquartered in Frankenthal that manufactures and supplies pumps, valves, and related services worldwide. These shares, totaling 864,712 out of the company's 1,751,327 shares, grant holders priority over ordinary shares in dividend payments, providing a fixed preferential claim on distributions before common shareholders receive any. The company operates through three key segments: Pumps, which produce centrifugal, multi-stage, submersible, and other specialized pumps for industrial applications; Valves, offering gate, globe, check, butterfly, and control valves for fluid handling; and KSB SupremeServ, delivering maintenance, repair, and operational services to optimize equipment performance. Preference shares play a role in the company's capital structure alongside 886,615 ordinary shares, supporting its position as a global leader in mission-critical fluid technology solutions for industries including water, energy, mining, chemicals, and construction. Approximately 20% of these shares are held by the major shareholder, with the remainder in free float, enhancing liquidity for investors seeking priority income features in industrial manufacturing exposure.