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 ?
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.
at any time after three years after closing, if Bombardier buys back CDPQ s convertible shares, the higher of
The figures, published last October, stated in a paragraph described as Note 30: "No share options or convertible shares are held within the Group, therefore no diluted Earnings per Share calculation is required.
BlackBerry announced the end of its strategic review along with the exit of its CEO Thorsten Heins and said that Fairfax has agreed to invest 1 billion dollars through convertible shares.
As for Komercijalna Banka, the negotiations with four international financial institutions that hold preferred convertible shares are in progress and it can be expected that they will not sell these shares in the mentioned period.
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.
In total, ET Solar has raised approximately US$100 million proceeds through the issuance of preferred and convertible shares and common shares since 2008.
46% of the issued capital of the Company as enlarged bythe issue of such L Capital Convertible Shares and Warrant Shares.
Once the convertible shares are shifted to common shares, Prime View's capitalization, now at NT$8.
Sources at the company attributed the surge to the sale of bonds and convertible shares to Barclays Bank at a total value of $2 billion approximately.
The exchange offer, expected to raise about $1 billion for Class A and Class B convertible shares due 2019 will be priced at $1.