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The system calculates the distribution by multiplying the value of the preferred series by the daily distribution rate. You can use the Post Preferred Distributions panel to manually post preferred shares distributions. In the Automated Event Wrapper, preferred distributions post in a corresponding event in the default Transaction Transaction Close event group with a step name of Trigger Preferred Stock Distribution. You can cancel preferred shares distributions manually using the Cancel Preferred Distributions panel. The corresponding event is included in the Transaction Re-Open event group with a step name of Cancel Preferred Stock Distribution. This ensures that the system process preferred shares distributions automatically when closing or re-opening transaction periods.
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