Convertible preferred stock generally has a call feature designed to force conversion.

Name: Convertible preferred stock generally has a call feature designed to force conversion.
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Convertible preferred stock often includes a call feature that allows the issuing company to force conversion into common stock under certain conditions, typically when the price of the common stock rises significantly. This feature is beneficial for the company as it can reduce dividend payments and debt.

Convertible Preferred Stock Generally Has a Call Feature Designed to Force