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5.25% on RM1 par value. So that is 5.25 cent per year regardless of the PA price.

Yes it's mandatory according to the prospectus

This is preferences share(PA) not warrant. It has priority over mother share when comes it comes to payment but below corporate bonds/debt. So the company has to satisfy the 5.25% div before mother share has any dividend. PA protects the downside by having priority to earning but lose the voting power and superb upside where it is capped by the 5.25% div. You can trade it like other share but it has a maturity of 5year with 1:1 ratio to mother and on the 4th year 50% of PA hold will be converte