Convertible exchangeable preferred stock

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.
References in periodicals archive ?
The dividends are payable on March 15, 2005 to the holders of record of Series D Convertible Exchangeable Preferred Stock at the close of business on March 1, 2005.
This paper analyzes an innovation that has survived for over 15 years, convertible exchangeable preferred stock.
On December 27, 2007, the date the Company announced the redemption, there was 800,000 shares of Convertible Exchangeable Preferred Stock outstanding.
The dividends are payable on December 15, 2004 to the holders of record of Series D Convertible Exchangeable Preferred Stock at the close of business on December 1, 2004.
The dividends are payable on September 15, 2004 to the holders of record of Series D Convertible Exchangeable Preferred Stock at the close of business on September 1, 2004.
The dividends are payable on June 15, 2004 to the holders of record of Series D Convertible Exchangeable Preferred Stock at the close of business on June 1, 2004.
Each depositary share represents one-quarter of a share of the Company's Series A Convertible Exchangeable Preferred Stock.
The dividends are payable on March 15, 2004, to the holders of record of Series D Convertible Exchangeable Preferred Stock at the close of business on March 1, 2004.
If Xcyte's common stock is delisted, its 6% convertible exchangeable preferred stock would also be delisted unless such preferred stock separately meets all of the minimum listing requirements at that time.
The dividends are payable on December 15, 2003, to the holders of record of Series D Convertible Exchangeable Preferred Stock at the close of business on December 1, 2003.
The dividends are payable on September 15, 2003, to the holders of record of Series D Convertible Exchangeable Preferred Stock at the close of business on August 29, 2003.
The dividends are payable on June 16, 2003, to the holders of record of Series D Convertible Exchangeable Preferred Stock at the close of business on May 30, 2003.