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dbilogobmp.bmp
3422 Old Capitol Trail
Suite 700
Wilmington, DE 19808
USA
Telephone: 302-996-5819
Toll-Free: 1-800-423-2993
Fax: 302-996-5818

What is convertible preferred stock?

Convertible Preferred stock carries the privileges and entitlements of preferred stock and gives the holders the right, at their option, to convert these shares into common stock, according to a specified formula.