Prospectus excerpt:  Bristol-Myers Squibb Co., $2.00 Convertible Preferred Stock, liquidation value $50 per share, callable any time at the company's option, and with no stated maturity. Distributions are paid quarterly on 3/1, 6/1, 9/1 & 12/1. Each preferred share is convertible any time at the holder's option into 16.96 common shares. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders.