PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 20, 4:47 AM
| This Slide: #552 of 620 |
Slide #552. PartnerRe Ltd. — Preferred Stock Offering
Company:
PartnerRe Ltd. (NASDAQ:PRE)
Date announced:
2/11/2013
Shares Offered:
10,000,000
Preferred Stock Offering Details:
PartnerRe Ltd. (NYSE:PRE) today announced that it has priced an offering of 5.875% Series F Non-Cumulative Redeemable Preferred Shares (the "Series F preferred shares"). The offering is expected to close on February 14, 2013, subject to customary closing conditions. In the offering, PartnerRe expects to issue 10 million shares ($250 million) of Series F preferred shares. PartnerRe intends to apply for listing of the Series F preferred shares on the New York Stock Exchange. If the application is approved, trading is expected to begin within 30 days of issuance under the symbol "PRE PrF". The Series F preferred shares will pay dividends, when, as and if declared, at an annual dividend rate of 5.875% and will have a liquidation preference and redemption value of $25.00 per share. The Company may redeem these shares at any time on or after March 1, 2018.
Prenetics Global is a holding company. Through its subsidiary, Prenetics Holding Company Limited, Co. is a diagnostics and genetics testing products and services provider. Co.'s pipeline products and services include: ColoClear, which is a non-invasive fecal immunochemical test and multi-target stool-based DNA testing colorectal cancer screening test; Circle SnapShot, which is an off-the-shelf at-home blood test where individuals can get digital access to their own health information; and Circle One, F1x and Fem, which develop to provide its customers personalized nutrition, hair loss and sexual health products tailored to each of its customer's genetic variation and biology.
Preferreds: PRE.PRC, PRE.PRD, PRE.PRE, PRE.PRF, PRE.PRG, PRE.PRH, PRE.PRI, PRE.PRJ
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Avg. Broker Rec.
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Strong Buy (4.00 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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