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.

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