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Convertible Exchangeable Preferred Stock |
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Convertible exchangeable preferred stock Convertible preferred stock that may be exchanged, at the issuer's option, into convertible bonds that have the same conversion features as the convertible preferred stock. Convertible Exchangeable Preferred Stock Preferred stock in a publicly-traded company that, at the discretion of the stockholder, may be exchanged for either common stock or convertible bonds. If the stockholder elects to trade for convertible bonds, he/she retains the ability to exchange the bond for common stock on the exact same terms. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| On December 27, 2007, the date the Company announced the redemption, there was 800,000 shares of Convertible Exchangeable Preferred Stock outstanding. 15 per share on its 6% Convertible Exchangeable Preferred Stock (the "Preferred Stock") in accordance with the terms thereof. Each depositary share represents one-quarter of a share of the Company's Series A Convertible Exchangeable Preferred Stock. |
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