THE number of “privilege” securities on the Canadian market has multiplied very considerably in recent years. Embraced in this category are convertible bonds and preferred stocks, participating preferreds, and warrant-bearing bonds extending to the holder the right to buy the junior securities of the company on special terms within specified time limits.By A. W. BLUE11 min
The story you want is part of the Maclean’s Archives. To access it, log in here or sign up for your free 30-day trial.
Experience anything and everything Maclean's has ever published — over 3,500 issues and 150,000 articles, images and advertisements — since 1905. Browse on your own, or explore our curated collections and timely recommendations.WATCH THIS VIDEO for highlights of everything the Maclean's Archives has to offer.