Conversion value
What one preferred share would be worth if converted at today's stock price: the shares received times the stock price.
Definition
The shares one preferred share would receive at today's stock price, times that price: what converting today would deliver. The record compares the preferred's price with it where a fixed-rate preferred is compared with par; a premium is paid for the dividends until conversion. Computed daily from the conversion ratio and the stock's price.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.