| 1 | After five years, any remaining preferred shares would convert to common shares. | |
| 2 | In Japan, too, banks have lots of preferred shares in their capital bases. | |
| 3 | To reduce risk, you can invest in a diversified group of preferreds. | |
| 4 | This preferred stock has a series of special rights which almost always include a liquidation preference. | |
| 5 | In three-quarters of the cases, governments shored up bank capital by, forinstance, injecting preferred stock. |