convertible preferred stock

American  

noun

1. preferred stock that can be exchanged for a fixed number of shares of the common stock of the issuing company at the holder's option.

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Example Sentences

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convertible preferred stock

Issuing $1.25 billion in common stock through an underwritten public offering, another $2 billion in an at-the-market offering and $3.75 billion in convertible preferred stock interests could widen the pool of shares.

From The Wall Street Journal ● Jun. 11, 2026

Super Micro plans to issue $1.25 billion in new shares and $3.75 billion of depositary shares, which represent fractional interests in the company’s newly-issued convertible preferred stock.

From MarketWatch ● Jun. 9, 2026

It sold around $16.8 billion of mandatory convertible preferred stock with a 6.25% dividend yield, up from a planned $15 billion.

From Barron's ● Jun. 3, 2026

The $15 billion of Alphabet mandatory convertible preferred stock likely will be sold at $50 a share and will be among the largest such offerings sold.

From Barron's ● Jun. 1, 2026

That came after a $1.2 billion investment in the company’s convertible preferred stock led by Apollo.

From The Wall Street Journal ● Apr. 20, 2026