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.
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