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Fortress Biotech, Inc. [FBIOP]

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FBIOP represents preferred stock issued by Fortress Biotech, Inc., which is a derivative security that provides holders with priority over common stockholders in dividend payments and liquidation proceeds. These preferred shares typically pay a fixed dividend rate and have characteristics of both equity and debt securities. Preferred stockholders generally do not have voting rights but enjoy preferential treatment in the capital structure. The preferred shares may include conversion features, redemption provisions, or other terms that affect their value and investor rights.