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Buy (3.43 out of 4)
100th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 10:31 AM
Slide #205. Assurant, Inc. — Preferred Stock Offering
Company: |
Assurant, Inc. (NYSE:AIZ) |
Date announced: |
3/6/2018 |
Shares Offered: |
2,500,000 |
Preferred Stock Offering Details: |
Assurant, Inc. (NYSE:AIZ), a global provider of risk management solutions, today announced the commencement of a public offering of 2,500,000 shares of its Series D Mandatory Convertible Preferred Stock, par value $1.00 per share ("mandatory convertible preferred stock") with a liquidation preference of $100.00 per share, subject to market conditions. The company expects to grant the underwriters a 30-day option to purchase up to an additional 375,000 shares of mandatory convertible preferred stock, solely to cover over-allotments. |
Assurant is a holding company. Through its subsidiaries, Co. supports, protects and connects consumer purchases. Co.'s segments are: Global Lifestyle, which provides mobile device solutions, extended service products and related services for consumer electronics and appliances, and credit and other insurance products, and vehicle protection, leased and financed solutions and other related services; and Global Housing, which provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance, renters insurance and related products, and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products.
Open the AIZ Page at Preferred Stock Channel »
Name: |
Assurant Inc |
Website: |
www.assurant.com |
Sector: |
Insurance Brokers |
Number of ETFs Holding AIZ: |
101 (see which ones) |
Total Market Value Held by ETFs: |
$1,768,257,980.3 |
Total Market Capitalization: |
$8,893,000,000 |
% of Market Cap. Held by ETFs: |
19.88% |
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Open the AIZ Page at Preferred Stock Channel (in a new window) »
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