Conversion feature

Conversion feature

Specification of the right to transform a particular investment to another form of investment, such as switching between mutual funds or converting preferred stock or bonds to common stock.

Conversion Feature

The ability to change from one investment vehicle to another. For example, one may be able to switch between mutual funds in a fund family without incurring a penalty. Likewise, one may exchange a convertible bond to common stock in the issuing company. Sometimes, one even may be able to change an adjustable-rate mortgage into a fixed-rate mortgage. All of these examples describe a conversion feature on the investment vehicles.
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The second quarter 2018 net loss was largely driven by an accounting impact of a non-cash beneficial conversion feature on the outstanding preferred shares totalling USD48.5m or USD0.29 per share.
4) Simplify the conversion of cryptocurrencies for users via a one-click instant conversion feature
This refrigerator also offers the ultimate flexible storage through the Smart Conversion feature. Choose from five freezer-fridge settings, depending on your energy and storage requirements.
Nevertheless, the preferred stock is not afforded equity credit by Fitch given that it has a fixed conversion rate and lacks a mandatory conversion feature.
This conversion feature illustrates the importance of considering the anticipated holding period in choosing a share class.<br />Class C Shares.
Ratings also reflect relative risk of the ADT-1 instrument including profit servicing from only earnings for the year, conversion feature in the event of pre-specified trigger events, lock-in clause and point of non-viability in terms of regulatory requirements.
The decrease was due to the one-time charge related to the beneficial conversion feature of the Company's Series B Convertible Preferred Stock in 2016.
The assigned rating portrays the relative risk of the Tier-1 instrument wherein the issuer has full discretion on coupon payments, interest servicing from only profits for the year and conversion feature in the event of pre-specified trigger events, lock-in clause and point of non-viability in terms of regulatory requirements.
Dana Gas' solution is to propose to exchange the Sukuk with a new enforceable, Shari'ah compliant instrument, which would have a tenor of four years, confer rights to profit distributions at less than half of the current profit rates and without a conversion feature. Such new profit payments will comprise a cash and PIK element.
The UAE-based energy producer said on Tuesday in a filing that it proposes exchanging $350 million of nine per cent certificates and $350 million of seven per cent exchangeable certificates with a new four-year security paying profit "at less than half of the current profit rates and without a conversion feature."
The conversion feature of renewable and convertible term allows policyholders to enjoy higher death protection than they could otherwise afford and later allows them to lock-in their premiums and build cash values when their ability to pay premiums increases.
The conversion feature would allow that person to keep all or a portion of their life insurance after the 20-year term for the rest of their life.