📌 Confirmed straight from CalBank's official announcement (June 4, 2025): preference shares → ordinary shares conversion was completed June 2, 2025, on a 1:1 basis, per AGM approval from March 20, 2025. This is the exact document that ends the CALPREF mystery. If you're still seeing it on IC Wealth or any trading app — it's dead. 💀 CalBank confirmed it themselves.