Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2007-07-13
2010-12-07
Kalinowski, Alexander (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000, C705S03600T
Reexamination Certificate
active
07848998
ABSTRACT:
The present invention is directed to a method comprising the step of issuing one or more convertible hybrid securities by an issuer to one or more investors. The issued hybrid securities may have (1) a legally enforceable covenant (e.g., an RCC) and (2) a mandatory deferral which may require the issuer to withhold certain payments upon an occurrence of specified events. The hybrid securities may be convertible by the investor or callable by the issuer. Upon conversion by an investor, the issuer may make a payment to the investor in an amount of preferred stock up to the par value of the hybrid securities and an amount of common stock for the amount paid over the par value of the hybrid securities. The preferred stock may comprise a dividend rate. The dividend rate may be (1-statutory tax rate) times a coupon for the hybrid securities. The issuer may settle with the investor, or all of the investors, upon the issuer calling the hybrid securities.
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Brooks, Robert, & Attinger, Bill. (1992). Using Duration and Convexity in the Analysis of Callable Convertible Bonds. Financial Analysts Journal, 48(4), 74. Retrieved Aug. 2, 2010, from ABI/INFORM Global. (Document ID: 456886).
Choudhry Jeffer M.
Dhalla Rizvan
Greenberg Scott
Ross Jonathan
Savasoglu Serkan
K&L Gates LLP
Kalinowski Alexander
Morgan Stanley
Vyas Abhishek
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