PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, May 21, 8:25 AM
| This Slide: #166 of 581 |
Slide #166. 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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Avg. Broker Rec.
 
|
Strong Buy (3.90 out of 4) 70th percentile
(ranked higher than approx. 70% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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