convertible preferred shares
Convertible preferred shares可转换优先股：公司业绩不好的时候，就保持优先股的状态每年收股利，如果公司向好，则可以有权利转化成为普通股赚取增值。
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convertible preferred shares
可转换优先股
以上为机器翻译结果，长、整句建议使用 人工翻译 。
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They own preferred stock convertible to 4.3 billion common shares, which is equivalent to a 70% stake in Sanyo.
他们拥有的优先权可兑换为43亿普通股，相当于三洋70%的股份。
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Specifically, Lehman will offer three million shares of noncumulative perpetual convertible preferred stock.
雷曼兄弟此次将发售三百万股非累积永久性可转换优先股。
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Second, CHK is extending the average maturity schedule of its debt by replacing senior notes due to mature over the next six years with convertible preferred shares that come with no maturity date.
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Earlier this year, there were 3.25 million shares outstanding and 1.4 million preferred shares convertible into common stock on a one-for-one basis.
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That poses a dilemma for Mr Geithner: he will not let the giants fail, yet he is determined to avoid nationalising them. (Indeed, the plan was apparently rushed out, perhaps before it was ready, in part to put such talk to rest.) He envisages a new round of capital injections, with the government taking preferred shares convertible into the common variety, as needed, to bolster banks' cushions against losses.
ECONOMIST: America's bank bail-out
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