Canadian Securities Course (CSC) Level 1 Practice Exam 2024 - Free CSC Level 1 Practice Questions and Study Guide.

A retractable preferred share is a type of preferred share that gives the shareholder the right to force the company to buy back the share for cash on a specified date. This feature provides the shareholder with the option to receive their original investment back at a predetermined future date, making it an attractive feature for investors looking for liquidity or protection of capital. This distinguishes retractable preferred shares from other types of preferred shares, making choice C the correct answer.