convertible preferred stock

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

Its operating income rose to $5 million, but taking into account the company's convertible preferred stock, it had a net loss attributable to common stockholders of $7.5 million.

From Chicago Tribune • Oct. 20, 2013

Citigroup announced that the Group of Six was going to be allowed to exchange their convertible preferred stock for 3.846 billion shares of common stock, massively diluting the value of ADIA’s shares and all other common shareholders.

From Salon • Sep. 6, 2012

Shares of Knight Capital plunged after the struggling trading firm said it sold $400 million in convertible preferred stock to bolster its capital position.

From The Wall Street Journal • Aug. 6, 2012

Back in 1999, when radio properties were hot, Emmis sold convertible preferred stock at $50 a share.

From New York Times • Mar. 30, 2012