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Endurance Specialty Holdings Ltd | 7.75% Non-Cumulative Preferred Shares, Series A (ENH.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  Endurance Specialty Holdings Ltd. is offering 8,000,000 shares of its 7.75% Non-Cumulative Preferred Shares, Series A, $25 liquidation preference per share (the "Series A Preferred Shares").

Holders of Series A Preferred 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 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 December 15, 2005, at an annual rate of 7.75%.

Dividends on the Series A Preferred Shares are not cumulative. Accordingly, in the event dividends are not declared on the Series A Preferred Shares for payment on any dividend payment date, then those dividends will not accrue 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 A Preferred Shares are declared for any future dividend period.

So long as any Series A Preferred Shares remain outstanding, no dividend shall be paid or declared on our ordinary shares, class A shares or any of our other securities ranking junior to the Series A Preferred Shares (other than a dividend payable solely in ordinary shares, class A shares or in such other junior securities), unless the full dividends for the latest completed dividend period on all outstanding Series A Preferred Shares and any parity shares have been declared and paid or provided for.

Except in specified circumstances relating to certain tax or corporate events, the Series A Preferred Shares are not redeemable prior to December 15, 2015. On and after that date, the Series A Preferred Shares will be redeemable at our option, in whole or in part, at a redemption price of $25 per Series A Preferred Share, plus any declared and unpaid dividends, without accumulation of any undeclared dividends. See "Description of the Series A Preferred Shares—Redemption" and "—Tax Redemption." Our ability to redeem the Series A Preferred Shares is subject to certain restrictions described under "Description of the Series A Preferred Shares—Redemption."

Full Prospectus PDF », ENH Page »

Alternate symbology:ENH-A, ENH-PA, ENHprA
Call Date:12/15/2015 (Now Trading Post Call Date)
Shares Offered:8,000,000
Liquidation Preference:$25
Original Coupon:7.750%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
Endurance Specialty Holdings is a holding company. Through its operating subsidiaries based in Bermuda, the U.S. and the U.K., Co. underwrites property and casualty insurance and reinsurance. Co. focuses on the underwriting of specialty lines of insurance and reinsurance. Co.'s operations are organized into two business segments: Insurance, which is comprised of four lines of business: agriculture, casualty and other specialty, professional lines, and property, marine/energy and aviation; and Reinsurance, which is comprised of five lines of business: catastrophe, property, casualty, professional lines, and specialty.

Preferreds: ENH.PRA, ENH.PRB

Open the ENH Information Page »
Name:  Endurance Specialty Holdings Ltd
Sector:  Insurance Brokers
Number of ETFs Holding ENH:  51 (see which ones)
Total Market Value Held by ETFs:  $346,917,102
Total Market Capitalization:  $6,210,000,000
% of Market Cap. Held by ETFs:  5.59%

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