Wednesday, September 02, 2020 4:56:51 PM
Many times preferred shares are not subject to a RS. Depends on language in the Corporate Action filing a company files with the SOS and with FINRA.
*Convertible Preferred Stocks are a slightly different animal. The offer the investor a lower interest rate than regular Preferred Stocks, in exchange for the option to convert the Shares into common stocks. Consequently, if the underlying common shares do split, there is a mechanism in the terms of the convertible to adjust the convertibles conversion value accordingly.
My posts may contain forward-looking statements which may be beyond the comprehension of any backwards-looking individuals. I speculate, this is the OTC after all. In my opinion, all my posts are IMO.
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