Mandatory Convertible Table — Yields and Conversion Dates

This table shows mandatory convertibles with their coupons, current yields, mandatory conversion dates and conversion terms. The conversion date column is the one that matters most: on that date the security becomes common stock automatically.

Why these carry higher coupons, and how the conversion ratio band allocates upside and downside, is explained on the mandatory convertible securities list.

Other tables: All Preferred Stocks Traditional Preferred Stocks Trust Preferred Securities Convertible Preferred Securities Mandatory Convertible Securities Exchange-Traded Debt Securities Third-Party Trust Preferred Securities Municipal Bond Funds & ETFs Preferreds Eligible for the 15% Tax Rate All Exchange-Traded Income Securities

How to use this table

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Prospectus — links to the security's original IPO prospectus as filed with the SEC EDGAR system.
Credit ratings — investment-grade ratings are shown in green and non-investment-grade in red. Under Moody's/S&P: NF = issuer Not Found in the ratings, NR = found but Not Rated, WR = ratings Withdrawn.
Abbreviations — "n.a." means not available (we haven't found that information yet). "None" under maturity means the security is perpetual, with no stated maturity date. Securities past their original call date are currently callable at the company's option (generally on 30–60 days' notice). In the Conv column, C = optionally convertible, M = mandatory convertible.

This table is dynamic and updated constantly; the information is believed accurate but is not guaranteed — confirm with additional sources before purchasing any security.

Symbol CUSIP	Security Description	Exchange	Price	IPO Date	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moody's / S&P Dated	15% Tax	Conv	Prospectus	Distribution Dates
ALB-A 012653200	Albemarle Corp 7.25% Dep Shares Ser A Mandatory Convertible Prfd Due 03/01/2027	NYSE	—	3/4/2024	7.25% $3.625	$50.00 n.a.	n.a. 3/1/2027	NR NR 3/7/2024	No	M	Prospectus	3/1, 6/1, 9/1 & 12/1
APO-A 03769M304	Apollo Global Management 6.75% Ser A Mandatory Convertible Prfd Due 7/31/2026	NYSE	—	8/7/2023	6.75% $3.375	$50.00 $50.00	n.a. 7/31/2026	NR NR 8/10/2023	YES	M	Prospectus	3/31, 6/30, 9/30 & 12/31
ARES-B 03990B309	Ares Management Corp 6.75% Series B Mandatory Convertible Preferred Stock	NYSE	$37.85	10/9/2024	6.75% $3.375	$50.00 $50.00	n.a. 10/1/2027	NR NR 10/9/2024	YES	M	Prospectus	1/1, 4/1, 7/1 & 10/1
AVTR-A 05352A209	Avantor, Inc., 6.25% Series A Mandatory Convertible Preferred Stock	NYSE	—	5/13/2019	6.25% $3.13	$50.00 $50.00	5/15/2022 5/15/2022	NR NR 2/20/2024	YES	M	Prospectus	2/15, 5/15, 8/15 & 11/15
BA-A 097023204	Boeing Co 6% Dep Shares Ser A Mandatory Convertible Prfd Stock Due 10/15/2027	NYSE	—	10/29/2024	6.00% $3	$50.00 $50.00	n.a. 10/15/2027	NR NR 10/29/2024	YES	M	Prospectus	1/15, 4/15, 7/15 & 10/15
BRKRP 116794207	Bruker Corp 6.375% Mandatory Convertible Preferred Stock, Series A Due 9/1/2028	NGS	—	9/3/2025	6.38% $15.9375	$250.00 n.a.	n.a. 9/1/2028	NR NR 9/4/2025	YES	M	Prospectus	3/1, 6/1, 9/1 & 12/1
BTSGU 10950A105	BrightSpring Health Services 6.75% Tangible Equity Units	NGS	$203.36	1/26/2024	6.75% $3.375	$50.00 $50.00	11/4/2024 2/1/2027	NR NR 1/26/2024	No	M	Prospectus	2/1, 5/1, 8/1 & 11/1
DUKU 26441C881	Duke Energy Corp 7.75% Equity Units Due 8/1/2029	NYSE	—	8/10/2026	7.75% $3.875	$50.00 $59.00	n.a. 8/1/2029	Baa2 BBB- 8/17/2026	No	M	Prospectus	2/1, 5/1, 8/1 & 11/1
FOUR-A 82452J307	Shift4 Payments, 6.00% Series A Mandatory Convertible Preferred Stock	NYSE	$52.56	5/1/2025	6.00% $6	$100.00 $100.00	n.a. 5/21/2028	NR NR 5/2/2025	YES	M	Prospectus	2/1, 5/3, 8/1 & 11/1
GOOGM 02079K404	Alphabet Inc Dep Shares 6.25% Series A Mandatory Convertible Preferred Stock	NGS	—	6/2/2026	6.25% $3.125	$50.00 n.a.	n.a. 5/15/2029	NR NR 6/3/2026	YES	M	Prospectus	2/15, 5/15, 8/15 & 11/15
GOOGN 02079K701	Alphabet Inc Dep Shares 6.25% Series B Mandatory Convertible Preferred Stock	NGS	—	6/3/2026	6.25% $3.125	$50.00 n.a.	n.a. 5/15/2029	NR NR 6/3/2026	YES	M	Prospectus	2/15, 5/15, 8/15 & 11/15
GTLS-B 16115Q407	Chart Industries, Inc. 6.75% Series B Mandatory Convertible Preferred Stock	NYSE	—	12/12/2022	6.75% $3.375	$50.00 n.a.	n.a. 12/15/2025	NR NR 3/19/2024	No	M	Prospectus	3/15, 6/15, 9/15 & 12/15
HPE-C 42824C208	Hewlett Packard Enterprise Co 7.625% Ser C Mandatory Convertible Preferred Stock	NYSE	—	9/10/2024	7.63% $3.8125	$50.00 $50.00	n.a. 9/1/2027	NR NR 9/11/2024	YES	M	Prospectus	3/1, 6/1, 9/31& 12/1
KKR-D 48251W500	KKR & Co. Inc 6.25% Series D Mandatory Convertible Preferred Stock	NYSE	$40.10	3/4/2025	6.25% $3.125	$50.00 $50.00	n.a. 3/1/2028	NR NR 3/5/2025	YES	M	Prospectus	3/1, 6/1, 9/1 & 12/1
MCHPP 595017302	Microchip Technology Dep Shares 7.50% Ser A Mandatory Convertible Prfd Stock	NGS	—	3/20/2025	7.50% $3.75	$50.00 $50.00	n.a. 3/15/2028	NR NR 3/21/2025	No	M	Prospectus	3/15, 6/15, 9/15 & 12/15
NEE-P 65339F655	NextEra Energy, Inc. 7.375% Equity Units Due 02/15/2029	NYSE	—	2/26/2026	7.38% $3.6875	$50.00 n.a.	n.a. 2/15/2029	NR NR 2/27/2026	No	M	Prospectus	2/15, 5/15, 8/15 & 11/15
NEE-R 65339F713	NextEra Energy, Inc. 6.926% Equity Units Due 09/01/2025	NYSE	—	9/14/2022	6.93% $3.463	$50.00 n.a.	n.a. 9/1/2025	NR BBB 6/15/2025	No	M	Prospectus	3/1, 6/1, 9/1 & 12/1
NEE-S 65339F663	NextEra Energy, Inc. 7.229% Equity Units Due 6/1/2027	NYSE	—	6/17/2024	7.23% $3.6145	$50.00 $50.00	n.a. 6/1/2027	NR NR 6/26/2024	No	M	Prospectus	3/1, 6/1, 9/1 & 12/1
NEE-T 65339F119	NextEra Energy, Inc. 7.234% Equity Units Due 11/1/2029	NYSE	—	10/29/2024	7.23% $3.617	$50.00 $50.00	n.a. 11/1/2029	NR NR 11/4/2024	No	M	Prospectus	2/1, 5/1, 8/1 & 11/1
NOVTU 67000B203	Novanta Inc. 6.50% Tangible Equity Units	NGS	$62.19	11/6/2025	6.50% $3.25	$50.00 $50.00	n.a. 11/1/2028	NR NR 11/7/2025	No	M	Prospectus	2/1, 5/1, 8/1 & 11/1
ORCL-D 68389X204	Oracle Corp 6.5% Dep Shares Ser D Mandatory Convertible Prfd Stock Due 2029	NYSE	—	2/3/2026	6.50% $3.25	$50.00 $50.00	n.a. 1/15/2029	NR NR 2/3/2026	YES	M	Prospectus	1/15, 4/15, 7/15 & 11/15
PCG-X 69331C108	PG&E Corp 6.00% Series A Mandatory Convertible Preferred Stock Due 12/1/2027	NYSE	—	12/2/2024	6.00% $3	$50.00 $50.00	n.a. 12/1/2027	NR NR 12/3/2024	YES	M	Prospectus	3/1, 6/1, 9/1 & 12/1
PPLU 69351T866	PPL Corp Equity Units Due 02/15/2039	NYSE	—	2/24/2026	7.00% $3.5	$50.00 n.a.	n.a. 2/15/2029	Baa1 NR 2/24/2026	No	M	Prospectus	2/15, 5/15, 8/15 & 11/15
QXO-B 82846H504	QXO, Inc. 5.50% Depositary Shares Series B Mandatory Convertible Preferred Stock	NYSE	—	5/21/2025	5.50% $2.75	$50.00 $50.00	n.a. 4/19/2028	NR NR 5/22/2025	YES	M	Prospectus	2/15, 5/15, 8/15 & 11/15
SMCIP 86800U500	Super Micro Computer, Inc 7.0% Series A Mandatory Convertible Preferred Stock	NGS	—	6/10/2026	7.00% $3.5	$50.00 n.a.	n.a. 6/1/2029	NR NR 6/11/2026	YES	M	Prospectus	3/1, 6/1, 9/1 & 12/1

Showing 25 of 28 securities

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The yield is compensation, not a bargain

Mandatory convertibles show some of the highest current yields on the site. That premium pays for accepting equity downside with capped upside and no cash redemption. Screening this table by yield alone will reliably select the securities whose underlying common the market is most worried about.

Check the conversion date first

Everything about the security's risk depends on how far away the mandatory conversion date is and where the common trades relative to the ratio thresholds. Both are on each security's detail page.

About this data

QuantumOnline has tracked exchange-traded income securities since 1997. Every security in this list is researched and maintained by hand from the issuer's prospectus and SEC filings, not scraped from a vendor feed. Where a figure is unavailable we show "n.a." rather than guessing.

Information is believed to be accurate but is not guaranteed, and nothing here is a recommendation to buy or sell. Always confirm terms against the issuer's prospectus before investing.