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Stocks A to Z / Stocks G / Alphabet (GOOG)
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Author: Engr27   😊 😞
Number: of 421 
Subject: Re: New tickers GOOGM & GOOGN
Date: 06/03/26 12:17 PM
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Mandatory Conversion: Unlike traditional convertibles with a bond floor, these must convert into common equity at the end of three years, functioning effectively as yield-enhanced common stock.

So, the preferred shares convert to common shares after three years regardless of the price of the common?

How does that work exactly?
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