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 ?
On July 10, 1989, Boise's board created a new series of convertible preferred stock especially for the ESOP.
NEW YORK -- Phillips-Van Heusen Corporation (NYSE: PVH) today announced it has filed a prospectus supplement relating to the public offering by holders of its Series B Convertible Preferred Stock of 10,057,495 shares of common stock (plus an additional 1,508,624 shares of common stock pursuant to an option granted to the underwriters) issuable upon the conversion of shares of the Company's Series B Convertible Preferred Stock.
75% Noncumulative Preferred Stock, Series E (Series E Convertible Preferred Stock), the conversion price of Series E Convertible Preferred Stock has been set at $10.
00% Series B cumulative convertible preferred stock at $25 per share for estimated gross proceeds of $100 million.
The company is offering to exchange three new securities: (i) new senior notes in the principal amount of $50 million plus an additional amount for accrued unpaid interest; (ii) $60 million of new senior convertible notes; and (iii) Series A convertible preferred stock with a liquidation preference of $15 million, for its outstanding convertible notes.
75% mandatory convertible preferred stock at an offering price of $250 per share.
AMEX:QSC) notified the holders of Questcor's Series B Convertible Preferred Stock of its intent to redeem all the outstanding Series B shares.
Holders of the Series B and Series C Preferred Stock will receive 24 shares of Series D Convertible Preferred Stock for each 100 shares of Series B and Series C Preferred Stock outstanding.
Nasdaq: GEPT - News), a leading manufacturer of security technologies for the aviation, law enforcement, industrial and commercial markets, today announced that it has resolved comments received from the Nasdaq Stock Market concerning the Company's private placement sale of its Series D Convertible Preferred Stock.
75 shares of Common Stock for each share of Convertible Preferred Stock.
AMEX:QSC), a specialty pharmaceutical company that develops and commercializes novel therapeutics for the treatment of neurological disorders, notified the holders of Questcor's Series B Convertible Preferred Stock of its intent to redeem on January 3, 2006 all outstanding shares of Series B Convertible Preferred Stock.