PreferredStockChannel
Berkley (WR) Corp | 5.70% Subordinated Debentures due 2058 (WRB.PRE)

Prospectus excerpt:  We will pay interest on the debentures on March 30, June 30, September 30 and December 30 of each year, commencing June 30, 2018. We may defer interest payments during one or more deferral periods for up to five consecutive years as described in this prospectus supplement. On or after March 30, 2023, we may redeem the debentures, in whole at any time or in part from time to time, at their principal amount plus accrued and unpaid interest to, but excluding, the date of redemption; provided that if the debentures are not redeemed in whole, at least $25 million aggregate principal amount of the debentures must remain outstanding after giving effect to such redemption.

Full Prospectus PDF », WRB Page »

Series:E
Alternate symbology:WRB-E, WRB-PE, WRBprE
Redeemable?:Yes
Call Date:3/30/2023
Maturity Date:3/30/2058
Cumulative?:Yes
Shares Offered:7,000,000
Liquidation Preference:$25
Recent Market Price:$23.76
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-1.24 (-4.96%)
Annualized Dividend:1.425
Recent Ex-Date:0/0/NA
Current Yield:6.00%
Original Coupon:5.70% Subordinated Debentures due 2058
Pay Period:Quarterly
Pay Dates:30-Mar, 30-Jun, 30-Sep, 30-Dec
CDx3 Compliance Rating: Learn WRB.PRE's Rating
W. R. Berkley is an insurance holding company. Co. operates in two segments of the property casualty insurance business: Insurance, which includes commercial insurance business, including excess and surplus lines, admitted lines and specialty personal lines throughout the U.S., as well as insurance business in the U.K., Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia; and Reinsurance, which provides reinsurance business on a facultative and treaty basis, primarily in the U.S., the United Kingdom, Continental Europe, Australia, the Asia-Pacific region and South Africa.

Preferreds: WRB.PRA, WRB.PRB, WRB.PRC, WRB.PRD, WRB.PRE


Open the WRB Information Page »
Name: 
Berkley (WR) Corp
Website: 
www.wrberkley.com
Sector: 
Insurance Brokers
Number of ETFs Holding WRB: 
102 (see which ones)
Total Market Value Held by ETFs: 
$2,632,767,690.4
Total Market Capitalization: 
$17,630,000,000
% of Market Cap. Held by ETFs: 
14.93%

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