Convertible preferred stock

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Convertible preferred stock

Preferred stock that can be converted into common stock at the option of the holder. See also: participating convertible preferred stock.

Convertible Preferred Stock

A preferred stock that a stockholder may exchange, at any time after a waiting period, for common stock in the company issuing the bond. The number of shares one receives for each preferred share is determined when the convertible preferred stock is issued. A convertible preferred stock is a relatively low-risk investment because of the guaranteed dividends, but it affords the investor a great amount of leeway because he/she can exchange it for common shares, which have higher risk and higher returns. See also: Conversion ratio, Convertible bond.
References in periodicals archive ?
5 billion convertible share investment in Bombardier Transportation s newly-created holding company, Bombardier Transportation (Investment) UK Ltd ( BT Holdco ).
Notable transactions include acting for a modern and expanding web design company in relation to a private equity investment which involved a complex convertible share structure, and the purchase and subsequent re-sale of a large Midlands-based sports and social club.
34bn in convertible share offer(C)2011 ENPublishing - http://www.
financing Financing Issue of ordinary and convertible share capital -
By averaging out the four convertible share price levels, industry watchers estimated the 100 million shares will cost Prime View around NT$6.
The Company also issued a warrant to purchase one share of Common Stock for each convertible share of Common Stock purchased.
Reports said that the airline had requested that the government provide a capital injection of AUD568m via notes or a convertible share issue, but both the carrier and the government have denied this.
Pink Sheets:LBTN) today announced that it will participate in Solos Endoscopy's preferred convertible share offering by exchanging approximately 4 million restricted common shares of Solos for the preferred convertible shares being offered.
In fact, forward of the A-pillar, both the new sedan and convertible share many components, including the distinctive face of Chrysler, the brand's signature eggcrate grille and a uniquely sculptured hood that features the Chrysler brand's elegant lines.
Klein, CEO of GRLT, has announced that the Company has reached agreements with a substantial number of holders of the convertible shares and convertible debentures whereby the holders, all named necessary parties in the litigation, have agreed to surrender the convertibles to the Company for conventional notes with no conversion rights.
6 million common and convertible shares, according to Reuters report, quoted by AhramOnline January 2011.
6 billion convertible preferred shares with voting rights and 340 million convertible shares without voting rights to the fund by July 25.