Shares will be converted on 9/1/2021. The initial conversion rate was 1.5291 shares of common stock if the common stock is trading at $32.70 or above. If the common stock is trading below $27.25 the conversion is 1.8349 shares of common. For market prices between $27.25 and $32.70 the conversion will be the converted at the rate of $50 divided by the market price. Because of the mandatory conversion we post the preferred and commons stock charts below.
Type: Convertible
Hecla Mining Co. $3.50 Series B Cumulative Convertible Preferred Stock
There is no available electronic Propspectus for this older issue
Lexington Realty Trust 6.50% Series C Cumulative Convertible Preferred Stock ($50/Share)
Special Opportunities Fund 3.50% Convertible Preferred Stock
RLJ Lodging $1.95 Series A Cumulative Convertible Preferred Shares
Shares are convertible if the common shares trade at $89.09 for 20 consecutive days.
Shares are non-callable-but are convertible