IRDMZ
is the ticker symbol for Iridium Communications Inc.'s 6.75% Series B
Cumulative Perpetual Convertible Preferred Stock. Iridium
Communications Inc. is a company that provides mobile voice and data
communications services through a satellite network. The company was
founded in 2000 and is headquartered in McLean, Virginia.
The
Series B Cumulative Perpetual Convertible Preferred Stock is a type of
security that combines features of both debt and equity. It pays a
fixed dividend and has priority over common stock in terms of payment
in case of bankruptcy. The preferred stock is also convertible into a
fixed number of common shares at the option of the holder.
Investors in IRDMZ should be aware that the price of the preferred
stock can be affected by a variety of factors, including changes in
interest rates, the company's financial performance, and market
conditions. In addition, because the preferred stock is convertible
into common shares, the price of the preferred stock may also be
influenced by the price of the company's common stock.
As with
any investment, it is important for investors to do their own research
and consider their own investment objectives, risk tolerance, and
financial situation before making any investment
|
