No. of Recommendations: 0
Here's a bona fide recent convertible preferred from Washington Mutual, also from QuantumOnline:

Washington Mutual, 7.75% Series R Non-Cumul Perp Conv Preferred Stock
Ticker Symbol: WM-R CUSIP: 939322814 Exchange: NYSE
Security Type: Traditional Convertible Preferred Stock

SECURITY DESCRIPTION: Washington Mutual Inc., 7.75% Series R Non-Cumulative Perpetual Convertible Preferred Stock, liquidation preference $1000 per share, and with no stated maturity. Non-cumulative distributions of 7.75% ($77.50) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is the first day of the month in which the payment is due (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-50 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 47.0535 common shares of Washington Mutual Inc. (NYSE: WM), an initial conversion price of $21.25 per common share. On or after 12/18/2012, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange NYSE
Cpn Rate 7.75%
Ann Amt $77.5
LiqPref $1,000.00
CallPrice $1,000.00
Call Date 12/18/2012
Matur Date None
Moodys/S&P Baa2 / BBB
Dated 12/11/07
Conv Shrs 47.0535
Conv Price $21.25
Distribution Dates 3/15, 6/15, 9/15 & 12/15

If I'm quoting this correctly, this security is trading well below par; it closed today at $843.75.
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