There Is Now a Way to Collect 6.25% From Google. It Stops Paying in 2029

The article explains Alphabet’s new mandatory convertible preferred securities, GOOGM and GOOGN, which pay a 6.25% annual coupon on a $1,000 liquidation preference and convert into Alphabet common stock in May 2029. It frames the securities as an income-oriented alternative to GOOG/GOOGL, but with a major tradeoff: capped upside if Alphabet rallies further and full downside exposure below the lower threshold. The piece notes that Alphabet raised capital to fund AI infrastructure, and that its common stock has already risen sharply over the past year, making the capped structure more relevant. Market-wise, the article highlights a higher-yield way to gain Alphabet exposure, but warns that investors are sacrificing uncapped AI upside for a temporary income stream.