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Soft retractable preferred share
A preferred share that gives its holder the right to require the issuing company to buy back the share at maturity or as of a specified date, while the issuer has the option to settle in cash or in other securities of the company.
(1) The term soft is opposed to hard (which means "for cash") and refers to the issuer's conversion option.
(2) In general, the issuer has the right to buy back this type of preferred share before the retraction date.