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The preferred shares will offer a dividend of 7.25percentt until the investors convert them into common stock, or until their mandatory conversion into common stock on Dec. 15, 2010.
Hundreds of primary schools seem to be facing the threat of mandatory conversion to academies under external sponsorship, with Downhills a high-profile test of the new and seemingly unfettered ability of the education secretary to enforce his vision of a new model of governance, even when all those closely connected to this school say they do not want it.
Upon her marriage, Catherine — the name the empress gave Sophia on the occasion of her mandatory conversion to Orthodoxy — found herself shackled to a 17-year-old whom one European king would remember as "a mere poltroon... comic in all things... not stupid, but mad".
The requirement that all financial institutions' capital structures include provisions for the mandatory conversion of debt and other claims to equity on the regulator's option when the regulator, ideally a global regulator, declares that a state of systemic risk exists.2.2
We find that firms needing debt capacity include mandatory conversion features.
One new issue here worth buying is E-Trade Financial (28, ET), a 6.125% preferred that has a mandatory conversion to common on Nov. 18, 2008.
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Or what may come next, a mandatory mass conversion to vegetarianism.
If it's a convertible, is the conversion mandatory or at the option of the holder?
Fatigue while weaning was defined by a combination of clinical evidence of respiratory distress accompanied by an ordered increase in positive pressure support (increased synchronized intermittent mandatory ventilation rate, conversion to assist-control or an increase in pressure support).
Since conversion is mandatory and the time period is short, most of these preferreds have a variable conversion rate.
But this also creates unusual situations: Some high-quality names are trading with high, junklike yields because the conversion is mandatory and, at present common stock levels, would result in a loss or at least no gain for the effort.
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