PreferredStockChannel
Maiden Holdings Ltd | 6.700% Non-Cumulative Preference Shares, Series D (MH.PRD)

Prospectus excerpt:  Maiden Holdings, Ltd. is offering 6,000,000 shares of its 6.700% Non-Cumulative Preference Shares, Series D, $25 liquidation preference per share (the ˘Series D Preference Shares÷). Holders of Series D Preference Shares will be entitled to receive dividend payments only when, as and if declared by our Board of Directors or a duly authorized committee of the Board. Any such dividends will be payable from, and including, the date of original issue on a non-cumulative basis, quarterly in arrears on the 15th day of March, June, September and December of each year (each, a ˘dividend payment date÷), commencing on September 15, 2017, at an annual rate of 6.700%. Dividends on the Series D Preference Shares are not cumulative. Accordingly, in the event dividends are not declared on the Series D Preference Shares for payment on any dividend payment date, then those dividends will not accumulate and will not 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 for that dividend period, whether or not dividends on the Series D Preference Shares are declared for any future dividend period.

Full Prospectus PDF », MHLD Page »

Series:D
Alternate symbology:MH-D, MH-PD, MHprD
Redeemable?:Yes
Call Date:6/15/2022
Perpetual?:Yes
Cumulative?:No
Shares Offered:6,000,000
Liquidation Preference:$25
Recent Market Price:$12.25
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-12.75 (-51.00%)
Annualized Dividend:1.675
Recent Ex-Date:8/30/2018
Current Yield:13.67%
Original Coupon:6.70%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CDx3 Compliance Rating: Learn MH.PRD's Rating
Maiden Holdings is a holding company. Co. provides auto and credit life insurance products through insurer partners to retail clients in the European Union and other global markets through its subsidiary, Maiden Global Holdings, Ltd. Co.'s segments are: Diversified Reinsurance, which consists of a portfolio of property and casualty reinsurance business focusing on regional and specialty property and casualty insurance companies in Europe; and AmTrust Reinsurance, which includes all business ceded by AmTrust Financial Services, Inc. (AmTrust) to Maiden Reinsurance, primarily the AmTrust Quota Share and the European Hospital Liability Quota Share.

Preferreds: MH.PRA, MH.PRC, MH.PRD


Open the MHLD Information Page »
Name: 
Maiden Holdings Ltd
Website: 
www.maiden.bm
Sector: 
Insurance Brokers
Number of ETFs Holding MHLD: 
16 (see which ones)
Total Market Value Held by ETFs: 
$20,069,489
Total Market Capitalization: 
$273,000,000
% of Market Cap. Held by ETFs: 
7.35%

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