This refers to preferred shares that are convertible to a fixed number of common shares after a fixed date. It is commonly exchanged at the request of the shareholder; however, there may be times when a provision allows the issuer or the company to force conversion. The performance of the common stock will determine the value of the convertible preferred stock.
Convertible preferred stock
This refers to preferred shares that are convertible to a fixed number of common shares after a fixed date. It is commonly exchanged at the request of the shareholder; however, there may be times when a provision allows the issuer or the company to force conversion. The performance of the common stock will determine the value of the convertible preferred stock.
