Fortive (FTV) Announces Conversion Date for its Mandatory Convertible Preferred Shares

Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that its 5.00% Mandatory Convertible Preferred Stock, Series A (the “Preferred Stock”), will automatically convert into shares of the Company’s common stock on July 1, 2021 (the “Conversion Date”). The conversion rate for each share of Preferred Stock will be 14.0978 shares of the Company’s common stock. Cash will be paid in lieu of fractional shares of common stock.

As previously announced, on July 1, 2021 holders of record at the close of business on June 15, 2021 will separately receive a final quarterly cash dividend of $12.50 per share on the Preferred Stock.

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