Sure you are! Keep in mind that dividend will probably be deferred! Mandatoryness! http://files.shareholder.com/downloads/AMDA-OJWDG/0x0x836296/46147CD3-88D9-40C3-BF59-42F4CB070AAA/FTR-Mandatory-Convertible-Pref-Stock-description-June-2015.pdf