Convertible preferred stocks are a type of security that offers investors the opportunity to convert their preferred shares into common stock. These stocks can provide attractive features such as lower risks, higher dividends, and the ability to participate in price appreciation. However, if the company's performance deteriorates, investors may not be able to convert their stocks at the desired price. Synonyms for convertible preferred stocks include "convertible preferred shares," "exchangeable preferred stock," and "hybrid securities." Investors seeking higher returns with lower risk may opt for convertible preferred stocks over regular preferred stocks or common stocks. As with any investment, it is important for investors to carefully conduct due diligence before making any investment decisions.