Saturday, January 13, 2024

Convertible Preferred Shares

Convertible preferred shares are one of the most conservative investments yet have an upside potential of the underlying common shares. Popular in the 1960s through to the 1980s few remain today.

I have found only 4:

Hecla Mining (HL-PB) $50 par value, convertible into 3.2154 common shares. $3.50 div.

Bank of America (BAC-L) $1,000 par value, convertible into 20 common shares. $72.50 div.

Wells Fargo (WFC-L) $1,000 par value, convertible into 6.3814 common shares. $75.00 div.

EPR Properties (EPR-PE) $25 par value, convertible into 0.4826 common shares. $2.25 div.

 

See the Preferred Stockchannel's convertible preferred list.

https://www.preferredstockchannel.com/slideshows/?slideshow=convertible&page=6

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