Oracle Corporation

Oracle Corporation Depositary Shares, each representing a 1/2,000th interest in a share of 6.50% Series D Mandatory Convertible Preferred Stock, are a preferred equity instrument issued by Oracle Corporation. This financial product provides holders with a fixed 6.50% dividend rate, offering a steady income stream typically paid quarterly, based on the liquidation preference. As mandatory convertible preferred stock, these shares automatically convert into common stock of Oracle Corporation at a predetermined ratio upon reaching a specified maturity date, blending income generation with potential equity upside. They serve as a hybrid security in the capital structure, positioned between debt and common equity, appealing to investors seeking yield with conversion features. Oracle Corporation, founded in 1977 and headquartered in Austin, Texas, leverages its expertise in cloud applications, infrastructure technologies, databases, and related services to support enterprise information technology needs across industries. These depositary shares enhance Oracle's funding mechanisms, contributing to its robust position in the technology and financial markets by providing flexible capital raising options.