Sentences with phrase «valuable than their face value»

Not exact matches

Because the converts are trading at a premium to face value (because if converted they are more valuable than their liquidation value) but are accounted for only at liquidation value in the NAV calculation, the conversion will result in dilution of the total asset value and thus the NAV per share.

Furthermore, you're points are worth 25 percent more when you redeem them for travel, making them even more valuable than they are at face value.