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Buy (3.30 out of 4)
55th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sunday, December 9, 7:18 PM
Slide #28. 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. Co. is a provider risk management solutions in the housing and lifestyle markets, protecting where consumers live and the goods they buy. Through its operating subsidiaries, Co. provides mobile device protection products and services; extended service contracts and related services for consumer electronics and appliances; vehicle protection services; credit insurance; pre-funded funeral insurance and annuity products; lender-placed homeowners insurance; manufactured housing and flood insurance; renters insurance and related products; and field services, valuation services and other property risk management services.
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