Preferred stock
Preferred stock includes the following instruments: (i)Convertible preferred stock,which means preferred stock that is mandatorily convertible into either common or perpetual preferred stock; (ii)Intermediate-term preferred stock,which means preferred stock with an original maturity of at least five years, but less than 20 years; (iii)Long-term preferred stock,which means preferred stock with an original maturity of 20 years or more; and (iv)Perpetual preferred stock,which means preferred stock without a fixed maturity date that cannot be redeemed at the option of the holder, and that has no other provisions that will require future redemption of the issue. For purposes of these instruments, preferred stock that can be redeemed at the option of the holder is deemed to have anoriginal maturityof the earliest possible date on which it may be so redeemed.