Allstate Corp | 4.750% Noncumulative Perpetual Preferred Stock, Series I (ALL.PRI)
Prospectus excerpt: Each of the 12,000,000 depositary shares offered hereby (the "Depositary Shares") represents a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series I, $1.00 par value per share, with a liquidation preference of $25,000 per share (equivalent to $25 per Depositary Share) (the "Preferred Stock"), of The Allstate Corporation, deposited with Equiniti Trust Company, as depositary (the "Depositary"). The Depositary Shares are evidenced by depositary receipts. As a holder of Depositary Shares, you are entitled to all proportional rights and preferences of the Preferred Stock, including dividend, voting, redemption and liquidation rights. You must exercise these rights through the Depositary. We will pay dividends on the Preferred Stock on a noncumulative basis only when, as and if declared by our board of directors (or a duly authorized committee of the board) and to the extent that we have legally available funds to pay dividends. Dividends will accrue from November 8, 2019 on the liquidation amount of $25,000 per share of the Preferred Stock and be payable in arrears at an annual rate equal to 4.750% on January 15, April 15, July 15 and October 15 of each year, commencing January 15, 2020. Dividends on the Preferred Stock are not cumulative. Accordingly, in the event dividends are not declared on the Preferred Stock for payment on any dividend payment date, then those dividends will cease to accrue and cease to be payable. If we have not declared a dividend before the dividend payment date for any dividend period, we will have no obligation to pay dividends accrued for that dividend period, whether or not dividends on the Preferred Stock are declared for any future dividend period.
Full Prospectus PDF », Secondary Prospectus PDF », ALL Page »
|
Allstate is a holding company. Through its subsidiary, Co. is engaged, principally in the U.S., in the property and casualty insurance business. Co.'s primary business is the sale of private passenger auto and homeowners insurance. Co. also provides several other personal property and casualty insurance products, select commercial property and casualty coverages, consumer product protection plans, device and mobile data collection services and analytic solutions using automotive telematics information, roadside assistance, finance and insurance products, employer voluntary benefits and group accident and health insurance and identity protection. Preferreds: ALL.PRB, ALL.PRA, ALL.PRC, ALL.PRD, ALL.PRE, ALL.PRF, ALL.PRG, ALL.PRH, ALL.PRI, ALL.PRJ Open the ALL Information Page » |
|
|
Free Email Alerts: Get Dividend Alerts Get SEC Filing Alerts |
|