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.
5 million for newly issued convertible preferred stock and a commitment to provide $37.
EARNINGS PER SHARE FOR ESOP CONVERTIBLE PREFERRED STOCK
com) today announced that it has entered into an agreement with Eureka Growth Capital to redeem 2,000 shares of convertible preferred stock held by Eureka.
Under the terms of this private placement, GAM purchased 10,000 shares of Epoch's newly issued Series A Convertible Preferred Stock at a price of $1,000 per share.
The mandatory convertible preferred stock will, if not earlier converted and subject to certain adjustments, automatically convert on September 15, 2009, into no fewer than 4,630,000 shares of common stock and no more than 5,672,000 shares of common stock, depending on the average closing price of the common stock during a specified period preceding such date, as described in the prospectus.
NYSE:BRS) announced today that it is commencing a public offering of $200 million of mandatory convertible preferred stock.
Ampal is now able to list on the TASE after completing the conversion of all outstanding shares of its 4% Cumulative Convertible Preferred Stock and 6-1/2% Cumulative Convertible Preferred Stock on July 31, 2006, resulting in Ampal having a single class of stock.
TEL AVIV, Israel -- Ampal-American Israel Corporation (NASDAQ:AMPL) announced today that on July 31, 2006, it completed the conversion of all outstanding shares of its 4% Cumulative Convertible Preferred Stock and 6-1/2% Cumulative Convertible Preferred Stock.
TEL AVIV, Israel -- Ampal-American Israel Corporation (NASDAQ:AMPL) announced today that its shareholders had approved two amendments to Ampal's Certificate of Incorporation that allow for Ampal to require the conversion of Ampal's 4% and 6-1/2% Cumulative Convertible Preferred Stock.
The merger is contingent upon RE3W obtaining a minimum of $8 million from the private sale of Units comprised of Series E Convertible Preferred Stock and Warrants to purchase Common Stock.
NEW YORK -- Alleghany Corporation ("Alleghany") (NYSE-Y) today announced that it has closed a public offering of 1,132,000 shares of its mandatory convertible preferred stock due June 15, 2009 at $264.