Patent ID: 8676688

Claim:
A system comprising: memory operable to store at least one program; and at least one processor communicatively coupled to the memory, in which the at least one program, when executed by the at least one processor, causes the at least one processor to perform the following steps: access and process data regarding terms and conditions of perpetual preferred securities that provide non-cumulative dividends with a fixed liquidation preference; access and process a valuation of said perpetual preferred securities upon redemption for a specified number of common shares or conversion to the specified number of common shares, wherein said valuation is based on a market value of the specified number of common shares, access and process data regarding treasury stock method accounting of said perpetual preferred securities; and upon redemption for the specified number of common shares or conversion to the specified number of common shares, facilitate the issuance of the specified number of common shares; wherein upon redemption for the specified number of common shares or conversion to the specified number of common shares, said specified number of common shares is equal to (A×B−C)/B, where A=a conversion rate, B=price per share of said specified number of common shares, and C =said fixed liquidation preference.