Convertible preferred stock

(redirected from Convertible Shares)

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 ?
Rhne's investment, combined with secondary acquisitions, will give it US$200 million in preferred convertible shares in VistaJet.
Al Waseet, which is controlled by a member of the Kuwaiti royal family, will receive 459,005, 021 convertible shares in Greenland, making it the company's second biggest shareholder.
The figures, published last October, stated in a paragraph described as Note 30: "No share options or convertible shares are held within the Group, therefore no diluted Earnings per Share calculation is required.
BlackBerry announced the end of its strategic review along with the exit of its CEO Thorsten Heins and said that Fairfax has agreed to invest 1 billion dollars through convertible shares.
As for Komercijalna Banka, the negotiations with four international financial institutions that hold preferred convertible shares are in progress and it can be expected that they will not sell these shares in the mentioned period.
6 million common and convertible shares, according to Reuters report, quoted by AhramOnline January 2011.
6 billion convertible preferred shares with voting rights and 340 million convertible shares without voting rights to the fund by July 25.
Approximately 3,000 of the newly issued shares will be exchanged for 100% in the target company, with the remaining newly issued shares granted to the seller in the form of convertible shares in return for an US$ 8mn cash injection.
Since 2008, ET Solar has raised around USD100m via the issuance of preferred and convertible shares and common shares.
46% of the issued capital of the Company as enlarged bythe issue of such L Capital Convertible Shares and Warrant Shares.
9 million in year-ago income, which resulted from fair-value adjustments of convertible shares and warrants.
Once the convertible shares are shifted to common shares, Prime View's capitalization, now at NT$8.