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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, December 4, 2:45 AM

Slide #158. Assurant, Inc. Preferred Stock Offering

Company: Assurant, Inc. (NYSE:AIZ)
Date announced: 3/6/2018
Shares Offered: 2,500,000
Preferred Stock Offering Details: Assurant, Inc. (NYSE:AIZ), a global provider of risk management solutions, today announced the commencement of a public offering of 2,500,000 shares of its Series D Mandatory Convertible Preferred Stock, par value $1.00 per share ("mandatory convertible preferred stock") with a liquidation preference of $100.00 per share, subject to market conditions. The company expects to grant the underwriters a 30-day option to purchase up to an additional 375,000 shares of mandatory convertible preferred stock, solely to cover over-allotments.

Assurant is a holding company. Through its subsidiaries, Co. is a provider of lifestyle and housing solutions. Co. operates in North America, Latin America, Europe and Asia Pacific through three segments: Global Lifestyle, which provides mobile device solutions and extended service products and related services for consumer electronics and appliances; Global Housing, which provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance; renters insurance and related products and voluntary manufactured housing insurance; and Global Preneed, which provides pre-funded funeral insurance, final need insurance and related services.
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Name: 
Assurant Inc
Website: 
www.assurant.com
Sector: 
Life & Health Insurance
Number of ETFs Holding AIZ: 
100 (see which ones)
Total Market Value Held by ETFs: 
$1,534,890,697.2
Total Market Capitalization: 
$8,666,000,000
% of Market Cap. Held by ETFs: 
17.71%
 

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