Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
James MacPherson0
Date of Patent
October 27, 2009
Patent Application Number
11888965
Date Filed
August 3, 2007
Patent Primary Examiner
Patent abstract
A computer implemented method for an issuer of a periodic rate reset security with a conversion feature (PRRSC), other than a traditional convertible security issuer, to issue a PRRSC including the steps of designating the PRRSC as one of an equity or a debt instrument; designating an underlying security associated with the PRRSC; setting a conversion price and a conversion ratio for the PRRSC; designating a period for setting a periodic rate associated with the PRRSC; determining a value of the periodic rate in a market environment; and issuing the PRRSC, wherein conversion of the periodic rate reset security is non-dilutive to the net asset value and earnings per share of the underlying security of the PRRSC Issuer.
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