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 ?
Each depositary share represents one-quarter of a share of the Company s Series A Convertible Exchangeable Preferred Stock.
53125 per depositary share, each representing one-quarter of a share of the company's series A convertible exchangeable preferred stock, it revealed on Friday.
875 Series A Cumulative Convertible Exchangeable Preferred Stock.
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.
Additionally, the company said that each depositary share being one-quarter of its series A convertible exchangeable preferred stock share and the dividend reflects the payment of all accrued and unpaid dividends as of and through 1 January 2011.
Each depositary share represents one-quarter of a share of the Company's Series A Convertible Exchangeable Preferred Stock.
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.
125 Convertible Exchangeable Preferred Stock, Series A, which will result in an annual cash savings of $1.
ANNOUNCES QUARTERLY DIVIDEND FOR 6% CONVERTIBLE EXCHANGEABLE PREFERRED STOCK
5 million public offering of Class B common and convertible exchangeable preferred stock and a $164.
WESTMORELAND DECLARES DIVIDEND ON SERIES A CONVERTIBLE EXCHANGEABLE PREFERRED STOCK PAYABLE APRIL 1, 2005