AmTrust Financial Services Inc | 7.75% Non-Cumulative Preferred Stock, Series E (AFSI.PRE)
Prospectus excerpt: We are offering 5,000,000 depositary shares, each of which represents a 1/40th interest in a share of our 7.75% Non-Cumulative Preferred Stock, Series E, $0.01 par value per share, $1,000 liquidation preference per share (equivalent to $25 per depositary share) (the ôSeries E Preferred Stockö). The depositary shares are evidenced by depository receipts. Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights and preferences of the Series E Preferred Stock represented thereby (including any dividend, liquidation, redemption and voting rights).
AmTrust Financial Services, through its subsidiaries, underwrites and provides property and casualty insurance products to several customer groups that are underserved within the insurance market. Co. operating segments are: Small Commercial Business, which provides workers' compensation insurance; Specialty Risk and Extended Warranty, which provides custom designed coverages, such as accidental damage plans, mechanical breakdown protection and payment protection plans; and Specialty Program, which provides workers' compensation, general liability, commercial auto liability, property coverage, excess and surplus lines programs and other specialty commercial property and casualty insurance.