Convertible Preferred Stock

外汇网2021-06-19 13:32:48 101

Preferred stock that includes an option for the holder to convert the pferred shares into a fixed number of common shares, usually anytime after a pdetermined date.

Also known as "convertible pferred shares".

Taobiz explains Convertible Preferred Stock

Most convertible pferred stock is exchanged at the request of the shareholder, but sometimes there is a provision that allows the company (or issuer) to force conversion. The value of convertible common stock is ultimately based on the performance (or lack thereof) of the common stock.

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