delayed convertible

Delayed Convertible

A convertible security where the conversion option may not be exercised until some specified date after the security is issued. See also: Period of call protection.

delayed convertible

A security with a conversion feature that does not come into effect until a specified date.
References in periodicals archive ?
Nasdaq: CDRD) announced today that its offer to exchange shares of its new 10 1/2% Series C convertible preferred stock for outstanding shares of its 5% delayed convertible preferred stock had been accepted by all holders of the existing preferred stock as of the expiration of the offer at midnight last night.
Nasdaq:CDRD) announced today that it has extended the expiration date of its offer to exchange its new 10 1/2% Series C convertible preferred stock for up to all of the outstanding shares of its 5% delayed convertible preferred stock to midnight on Monday, November 17, 1997.
In addition, the Company filed a registration statement for the issuance of Convertible Preferred Stock in exchange for the outstanding shares of its 5% Delayed Convertible Preferred Stock.
Nasdaq: CDRD) announced today that it has received commitments from certain holders of its 5% Delayed Convertible Stock to purchase approximately $50 million of a new class of convertible preferred stock for cash or in exchange for shares of the 5% Delayed Convertible Stock.
Nasdaq CDRD) announced today that on April 9, 1997, it completed a private placement of its 5% Delayed Convertible Preferred Stock ("5% Preferred Stock").