There are different options in which you can convert your CEBCP to CEB. But note that once you have converted your preferred shares to common shares, you will forfeit any rights a preferred share may give such as dividends.


Below are the different options that you can take:


Option 1: Wait until the mandatory conversion period. CEBCP has a 6 year mandatory conversion period in which 6 years from its issuance year, the company will automatically convert your preferred shares into CEB common shares. Currently there are no requirements needed and cost for the mandatory conversion.


Option 2: You can sell your CEBCP in the market and use the proceeds to buy CEB common shares. This is the fastest and most convenient way to convert your shares but one must take into account the prices of CEBCP and CEB in the market before doing so. You can review the buying and selling fees here. 


Option 3: Go through the conversion procedure. Should you wish to take this option, below are the requirements and there are 2 options to choose from. 


Requirements:

  • Letter Request Form
  • Conversion Notice Form
  • COL Specimen Signature Card
  • 2 Valid Government issued IDs

All scanned requirements to be sent to stockcerts@colfinancial.com with the subject "CEBCP TO CEB"


Option 3A: Normal Process

  • Upliftment Fee -  P150.00 
  • Conversion (Cancellation) Fee - P120.00
  • In consideration of quarantine restrictions in NCR, COL will batch process requests once a month
  • Processing time will start once shares have been taken out of the portfolio and fees have been charged to the corresponding COL account.
  • Expected timeline after COL has taken out the shares and debited the fees - 3-5 weeks for the stock certificate + 20 days for the conversion


Option 3B: Express Process (may reduce 1-2 weeks compared to normal processing option)

  • Express Upliftment Fee - P1,150.00 
  • Conversion (Cancellation) Fee - P120.00
  • In consideration of quarantine restrictions in NCR, COL will batch process requests twice a month
  • Process time will start once shares have been taken out of the portfolio and fees have been charged to the corresponding COL account.
  • Expected timeline after COL has taken out the shares and debited the fees  - 2 weeks for the stock certificate + 20 days for the conversion