Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tue, April 23, 10:00 AM
This Slide: #205 of 620 |
Slide #205. 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. supports, protects and connects consumer purchases. Co.'s segments are: Global Lifestyle, which provides mobile device solutions, extended service products and related services for consumer electronics and appliances, and credit and other insurance products, and vehicle protection, leased and financed solutions and other related services; and 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, voluntary homeowners insurance and other specialty products.
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Buy (3.43 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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