Fundamental Global Inc | 8.00% Series A Cumulative Preferred Stock (FGFPP)
Prospectus excerpt: 1347 Property Insurance Holdings, Inc. is offering 640,000 shares of its newly designated 8.00% Cumulative Preferred Stock, Series A, $25.00 liquidation preference per share (the “Preferred Stock”). Dividends on the Preferred Stock are cumulative from the date of original issue and will be payable quarterly on the 15th day of March, June, September and December of each year (each, a “dividend payment date”), commencing on June 15, 2018 when, as and if declared by our Board of Directors or a duly authorized committee thereof. The first dividend record date for the Preferred Stock will be June 1, 2018. Dividends will be payable out of amounts legally available therefor at a rate equal to 8.00% per annum per $25.00 of stated liquidation preference per share, or $2.00 per share of Preferred Stock per year.
Full Prospectus PDF », Secondary Prospectus PDF », FGF Page »
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FG Financial Group is a reinsurance and investment management holding company. Co. focuses on opportunistic collateralized and loss-capped reinsurance, while allocating capital in partnership with Fundamental Global® to special purpose acquisition company (SPAC) and SPAC sponsor-related SPAC Platform businesses. Co.'s principal business operations are conducted through its subsidiaries and affiliates. Co. also provides investment management services. Co. is establishing and seeking regulatory approvals for a Risk Retention Group to provide directors and officers insurance coverage to SPACs and their sponsors. Co.'s subsidiary, FG Reinsurance Ltd., provides property and casualty reinsurance. Preferred: FGFPP Open the FGF Information Page » |
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