CAPS. A type of preferred stock with an interest rate pegged to the interest rate of a Treasury security. The CAPS can be exchanged for shares of common stock or for cash after the company announces the date of its next dividend. CAPS is a type of mandatory convertible.

Related information about convertible adjustable preferred stock:

1. Convertible Adjustable Preferred Stock (CAPS) Definition ...
   A preferred, floating rate issue, whose interest rate is tied to Treasury security rates. They can be exchanged for common stock or cash after the next period's ...
    
2. Convertible Adjustable Preferred Stock financial definition of ...
   Convertible Adjustable Preferred Stock. Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia, 0.02 sec.
    
3. Convertible adjustable preferred stock - The Free Dictionary
   A usually soft and close-fitting head covering, either having no brim or with a visor. 2. a. A special head covering worn to indicate rank, occupation, ...
    
4. What is convertible adjustable preferred stock? definition and meaning
   Definition of convertible adjustable preferred stock: CAPS. A type of preferred stock with an interest rate pegged to the interest rate of a Treasury security.
    
5. Definitive Historical Return Data For S&P U.S. Preferred Stock Index ...
   Index Description. The index measures the performance of a selected group of preferred stocks. ETFs Tracking The S&P U.S. Preferred Stock Index ...
    
6. Giddy - Convertible Bonds and Other Convertible Securities
   Convertible adjustable preferred stock (Caps) The interest rate on caps is adjustable and is pegged to Treasury security rates. They can be exchanged at par ...
    
7. convertible security - Business Definition
   conversion ratio · conversion value · convertible adjustable preferred stock ( CAPS) · convertible ARM · convertible floating-rate note · convertible term insurance ...
    
8. convertible adjustable-rate mortgage - Invest Definition
   convertible adjustable preferred stock (CAPS) · convertible bond · convertible currency · convertible exchangeable preferred stock · convertible floating-rate note ...