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.
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.