Preferred Stock Channel
Enstar Group Ltd | 7.00% Dep. Shares Perp Non-Cumul Preference Shares Series E (ESGRO)

Prospectus excerpt:  We are offering 4,400,000 depositary shares, each of which represents a 1/1,000th interest in a share of our 7.00% Perpetual Non-Cumulative Preference Shares, Series E, $1.00 par value and $25,000 liquidation preference per share (equivalent to $25.00 per depositary share) (a “Preference Share”). Each depositary share, evidenced by a depositary receipt, entitles the holder, through 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).

Full Prospectus PDF », Secondary Prospectus PDF », ESGR Page »

Series:E
Redeemable?:Yes
Call Date:3/1/2024 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:4,400,000
Overallotment:660,000
Liquidation Preference:$25.00
Recent Market Price:$24.14
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.86 (-3.44%)
Annualized Dividend:1.75
Recent Ex-Date:2/14/2024
Current Yield:7.25%
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn ESGRO's Rating
Enstar Group is a holding company. Co. is a multi-faceted insurance group that provides capital release solutions and underwriting capabilities through its network of group companies. Co.'s segments are: Non-life Run-off, which comprises the operations of its subsidiaries that are running off their property and casualty and other non-life business; Atrium Underwriting Group Limited, which provides marine, aviation and transit, binding authorities, reinsurance, accident and health, and non-marine direct and facultative lines of business; and StarStone Insurance Bermuda Limited, which provides casualty, marine, property, aerospace, and workers' compensation lines of business.

Preferreds: ESGRP, ESGRO


Open the ESGR Information Page »
Name:  Enstar Group Ltd
Website:  www.enstargroup.com
Sector:  Insurance Brokers
Number of ETFs Holding ESGR:  29 (see which ones)
Total Market Value Held by ETFs:  $491,919,950.2
Total Market Capitalization:  $4,653,000,000
% of Market Cap. Held by ETFs:  10.57%

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