Convertible Securities: A Complete Guide to Investment and Corporate Financing Strategies

by Tracy V Maitland, F. Barry Nelson, Daniel Partlow

The definitive guide to reduced-risk investing in the $600+ billion global convertible securities market Authored by professionals at Advent Capital Management―one of the world’s leaders on convertible securities― Convertible Securities describes the mechanics and behavior of convertible securities in comprehensive yet easy-to-understand language. Written for discerning investors, including corporate CIOs and CFOs, financial investment academics, and financial advisors, Convertible Securities provides quantitative insights and theories presented in a methodical and understandable format using recent and relevant examples. It explains the mathematical underpinnings of convertible securities and offers thorough analyses of convertibles from every angle, including those of various types of investors and issuers and numerous related disciplines (tax, performance analysis, accounting, risk management, and others). Topics A high value-added asset class with a unique record of achieving equity-like returns with less risk than outright investment in common stocks, convertible securities are perfect for times when markets are at their most unpredictable. Convertible Securities offers everything you need to make them work for you, now and in the future.

560 pages, Hardcover

Published April 7, 2022

Reviews

[F. Nelson · Rating 5 out of 5]

As a coauthor of this book, I hold it in high regard.

[Evatt Dixon · Rating 5 out of 5]

The only book in recent years that systematically talks about convertible securities. If you want to learn about convertibles, this book is probably not skippable. Personally, I initially brought this book to understand how convertible arbitrage works, as I'm a corporate lawyer and I heard many convertible bonds issued were bought by hedged funds for conducting convertible arbitrage, and I wasn't satisfied with the explanation on Investopedia. I enjoyed the knowledge contained in this book.

[Jason Born · Rating 4 out of 5]

Liked the discussion on convertibles with regard to their effects on issuers' earnings, cash flow, and accounting.