Preferred Stock Tips and Topics

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brwtrpilot Exchangeable means you can exchange them. When they were issued out their exchange was $25.00 to $34.28 or about 1 to 1 1/3 common stock. Right now it would not be good. When the preferred are first issued out they let the buyer know how long for sure they will be getting the dividens Then they could buy them back. If they did it would be $25.00 plus any dividends. If they don't go bankrupt they mature in 2012 They must buy them back then. liquidation going bankrupt. In Quantumonline go to for the far right they have a couple places where they have different definations.