Featured Articles
Yuma Energy 9.25% Series A Cumulative Redeemable Preferred Stock
Tim McPartland | November 28, 2015
Date Issued 10/15/2014Shares Issued 477,273 Overallotment Shares 71,590S&P Rating NR Moodys Rating NRSecurity Ticker Symbol YUMA-A Market Traded ON AMEXDividend Payment Paid on the 1st of each month beginning on 12/01/2014Quarterly Dividend .578 Annual Dividend 2.3125Securities may be redeemed, at the issuers option, as early as 10/23/2017 for a redemption price of $25/share plus accrued dividendsDividend…
Reinsurance Company Maiden Holdings Sells a 7.125% Preferred Issue
Tim McPartland | November 22, 2015
Reinsurance company Maiden Holdings LTD (ticker: MHLD) sold a new preferred stock offering.As an insurance company, Maiden Holdings' new preferred stock issue is required to be non-cumulative. While it is rare that dividends are suspended by a relatively safe insurance company, it can happen.If an issue is non cumulative and a dividend is not declared by the normal quarterly payment…
Maiden Holdings LTD 7.125% Non Cumulative Preference Shares, Series C
Tim McPartland | November 22, 2015
Date Issued 11/19/2015 Shares Issued 6,000,000 Overallotment Shares 600,000 Security Ticker Symbol MH-C OTC Grey Market Ticker MDNHF Market Traded ON NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2016 Quarterly Dividend .445 Annual Dividend 1.781 Securities may be redeemed, at the issuers option, as early as 12/15/2020 for a redemption…
Property and Casualty Insurer Endurance Specialty Holdings LTD Sells a Preferred Issue
Tim McPartland | November 19, 2015
Property and casualty insurer Endurance Specialty Holdings LTD (ticker: ENH) recently sold a new preferred stock issue with a coupon of 6.35%.As usual with insurers and banks, the new issue is non-cumulative, so dividends must be declared except when the board of directors opts not to do so during a particular quarter by the normal payment date. Such instances are rare but…
Endurance Specialty Holdings LTD 6.35% Non Cumulative Preferred Share, Series C
Tim McPartland | November 18, 2015
Date Issued 11/17/2015Shares Sold 8,000,000 Overallotment Shares 1,200,000S&P Rating BBB- Moodys Rating Ba1S&P Rating is investment grade Moodys rating is 1 step under investment grade.Security Ticker Symbol ENH-C OTC Temp Ticker ENHFFMarket Traded ON NYSEDividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2016Quarterly Dividend .397 Annual Dividend 1.588Securities may…
