Annual Share Conversion

The Share Conversion process is an annual valuation event applied to all Executive Preferred Shares across the Financial Systems Network. Every registered Executive receives a recalculated share value on August 31 of each year.

Conversion is based strictly on the Executive’s days active since registration. The system applies the conversion formula to each Executive’s preferred share record and updates the share value accordingly. This process is mandatory, system‑wide, and occurs automatically for every Executive in the network.

Only registered Executives participate in the annual conversion cycle. No preferred shares are valued, updated, or recognized until registration is completed and approved by Keshia Services Commercial Bank.