Sentence examples for mandatorily converted from inspiring English sources
"This hybrid preferred is an equity unit consisting of a purchase contract and 5% of a Series C debenture issued by FPL Group Capital," says Lehmann. "On June 1 , 2012 this issue will be mandatorily converted to 0.7485 shares of common stock if the common is at or above $66.80.
The objective of this paper is to develop a theoretical analysis of "mandatory convertibles," which are securities that automatically ("mandatorily") convert to common stock on a pre-specified date.
On Feb. 17, 2009, this issue will mandatorily convert to 0.5705 shares of common stock if it is at or above $87.64.
Tesoro Petroleum Corp., San Antonio, 5.2 million premium income equity securities, representing 1/100 share of mandatorily convertible preferred stock.
These come in two flavors: mandatorily convertible and optionally convertible.
Teco's new 9.5% preferred is mandatorily convertible into common stock on Jan . 15 , 2005
She converted from Catholicism.
