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RenaissanceRe Holdings Ltd. | 4.20% Dep Shares Series G Non-Cumul Preference Shares (RNR.PRG)
Prospectus excerpt: We are selling 20,000,000 depositary shares (the “Depositary Shares”), each of which represents a 1/1,000th interest in a share of our preference shares, par value $1.00 per share. Each Depositary Share, evidenced by a depositary receipt, entitles the holder, through Computershare Inc. and Computershare Trust Company, N.A., acting as depositary (together in such capacity, the “Depositary”), to a proportional fractional interest in all rights and preferences of the preference shares represented thereby (including any dividend, liquidation, redemption and voting rights). Upon liquidation, dissolution or winding up, the holders of the preference shares will be entitled to receive from our assets legally available for distribution to shareholders a liquidation preference of $25,000 per share (equivalent to $25 per Depositary Share), plus declared and unpaid dividends, if any, to, but excluding, the date fixed for distribution, without accumulation of any undeclared dividends, and without interest. Dividends on the preference shares will be payable from the date of original issuance on a non-cumulative basis only when, as and if declared by our Board of Directors, quarterly in arrears on the first day of March, June, September and December of each year, commencing September 1, 2021, in an amount per share equal to 4.20% of the liquidation preference per annum (equivalent to $1,050 per share and $1.05 per Depositary Share). Distributions will be made in respect of the Depositary Shares if and to the extent dividends are paid on the related preference shares. Full Prospectus PDF », Secondary Prospectus PDF », RNR Page »
Series: | G | Alternate symbology: | RNR-G, RNR-PG, RNRprG | Redeemable?: | Yes | Call Date: | 7/15/2026 | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 20,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $17.51 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-7.49 (-29.96%) | Annualized Dividend: | 1.05 | Recent Ex-Date: | 2/28/2024 | Current Yield: | 6.00% | Original Coupon: | 4.20% | Pay Period: | Quarterly | Pay Dates: | 1-Mar, 1-Jun, 1-Sep, 1-Dec | CDx3 Compliance Rating: |
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RenaissanceRe Holdings is a holding company. Through its subsidiaries, Co. is a global provider of reinsurance and insurance. Co.'s segments are: Property, which includes its catastrophe class of business, comprising excess of loss reinsurance and excess of loss retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, and its other property class of business, comprising proportional reinsurance, property per risk, property (re)insurance, binding facilities and regional United States multi-line reinsurance; and Casualty and Specialty, in which Co. provides its casualty and specialty reinsurance products and excess of loss coverage. Preferreds: RNR.PRC, RNR.PRD, RNR.PRE, RNR.PRF, RNR.PRG Open the RNR Information Page »
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Name: |
RenaissanceRe Holdings Ltd. |
Website: |
www.renre.com |
Sector: |
Insurance Brokers |
Number of ETFs Holding RNR: |
68 (see which ones) |
Total Market Value Held by ETFs: |
$2,131,849,892.26 |
Total Market Capitalization: |
$11,572,000,000 |
% of Market Cap. Held by ETFs: |
18.42% |
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