convertible preferred stock

Example Sentences

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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

What’s Next: The $15 billion of convertible preferred stock will likely be among the largest such offerings sold.

From Barron's • Jun. 2, 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

Ayar Third Investment, an affiliate of Saudi Arabia’s Public Investment Fund, committed $550 million worth of convertible preferred stock, “further strengthening the strategic partnership between the PIF and Lucid,” according to Lucid.

From MarketWatch • Apr. 14, 2026

Among those bullish about Instacart’s prospects is PepsiCo, which agreed to buy $175 million in convertible preferred stock in a private placement.

From Seattle Times • Sep. 19, 2023