convertible preferred stock
Example Sentences
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Mandatory convertible preferred stock “is effectively yield-enhanced common stock,” says Michael Youngworth, head of global convertibles research at BofA Securities.
From Barron's • 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
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