Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Tue, May 24, 4:44 PM
|This Slide: #573 of 581|
Slide #573. Maiden Holdings — Preferred Stock Offering
Maiden Holdings (NASDAQ:MHLD)
8.25% Non-Cumulative Perpetual Preferred (NYSE:MH.PRA)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Maiden Holdings, Ltd. announced that it has priced an underwritten public offering of $150 million of its 8.25% Non-Cumulative Preferred Shares, with a liquidation preference of $25.00 per share. Maiden expects to receive the net proceeds from the sale of the Preferred Shares on August 29, 2012. Except in certain limited circumstances, the Preferred Shares are not redeemable prior to August 29, 2017. After that date, the Company may redeem at its option, in whole or in part, the Preferred Shares at a redemption price of $25.00 per share plus unpaid accumulated dividends to the extent declared. Maiden intends to apply to list the Preferred Shares for trading on the New York Stock Exchange under the symbol "MHPRA." -- update 8/29/12 -- Maiden Holdings, Ltd. announced that it has closed its underwritten public offering of $150 million of its 8.25% Non-Cumulative Preferred Shares, with a liquidation preference of $25.00 per share. The offering was priced on August 22, 2012.
Maiden Holdings is a holding company. Short-term income protection business is written on a primary basis by Co.'s subsidiaries Maiden Life Forsakrings AB and Maiden General Forsakrings AB in the Scandinavian and Northern European markets. Co.'s business consists of two reportable segments: Diversified Reinsurance and AmTrust Reinsurance. Co.'s Diversified Reinsurance segment consists of a portfolio of predominantly property and casualty reinsurance business focusing on regional and specialty property and casualty insurance companies located primarily in Europe. Co.'s AmTrust Reinsurance segment includes all business ceded to Maiden Reinsurance Ltd. by AmTrust Financial Services, Inc.
Open the MHLD Page at Preferred Stock Channel »
Open the MH.PRA Page at Preferred Stock Channel for More Information About this Preferred »
Free Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts