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Enstar Group Ltd | 7.00% Dep Shares Non-Cumul Fixed/Float Series D Perp Prfrd Shares (ESGRP)
Prospectus excerpt: We are offering 16,000,000 depositary shares, each of which represents a 1/1,000th interest in a share of our 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, Series D, $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: | D | Redeemable?: | Yes | Call Date: | 9/20/2028 | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 16,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $25.33 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $0.33 (1.32%) | Annualized Dividend: | 1.75 | Recent Ex-Date: | 2/14/2024 | Current Yield: | 6.91% | Original Coupon: | 7.00% fixed until 9/1/2028, then dividends will be payable on a non-cumulative basis at a floating annual rate, which is reset quarterly, equal to three-month LIBOR plus 4.015% of the liquidation preference per annum. | Pay Period: | Quarterly | Pay Dates: | 1-Mar, 1-Jun, 1-Sep, 1-Dec | CDx3 Compliance Rating: |
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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 »
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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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