Can anyone shed some light on this phenomenon?

I've seen this on several occasions. This one happened to be a jpg file given to us for print. I suspect they had gotten it from a pdf somewhere. I've imported pdf's that have this and the characters would not actually be 3 seperate ones but rather one character as editable text. Files that I personally send as pdf's are not like this as I always convert the fonts. Could this be an adobe thing or...?