Preferred Stock Channel
HCI Group Inc | 7.0% Series A Cumulative Redeemable Preferred Stock (HCIIP)

This preferred is marked as having been called.
Prospectus excerpt:  Homeowners Choice, Inc. is offering for sale up to 1,500,000 shares of our 7.0% Series A Cumulative Redeemable Preferred Stock, which we refer to in this prospectus as the ŮSeries A Preferred.ˆ Dividends on the Series A Preferred will be cumulative from the date of original issue and will accrue on the last day of each month, at an annual rate of 7.0% of the $10.00 liquidation preference per share. Accrued but unpaid dividends will accumulate and earn additional dividends at 7.0%, compounded monthly. Each share of the Series A Preferred will be convertible, at the holder?s option at any time, initially into one share of our common stock based upon an initial conversion price of $10.00 per share; provided, however, that we may terminate this conversion right on or after March 31, 2014, if, for at least twenty trading days within any period of thirty consecutive trading days, the market price of our common stock exceeds the conversion price of the Series A Preferred by more than 20% and our common stock is then traded on the New York Stock Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market, or the NYSE Amex. Shares of the Series A Preferred will be redeemable by us on or after March 31, 2014 and will have no voting rights except under limited circumstances.

Full Prospectus PDF », Secondary Prospectus PDF », HCI Page »

Series:A
Redeemable?:Yes
Call Date:3/31/2014 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Conversion Ratio:1
Conversion Price:$10
Shares Offered:1,500,000
Liquidation Preference:$10.00
Original Coupon:7.00%
Pay Period:Monthly
CDx3 Compliance Rating: Learn HCIIP's Rating
HCI Group is a holding company. Through its subsidiaries, Co. is engaged in property and casualty insurance, reinsurance, real estate and information technology. Co.'s property and casualty insurance provides various forms of residential insurance products such as homeowners insurance, flood insurance and wind-only insurance to homeowners, condominium owners and tenants for properties primarily located in Florida. Co.'s information technology operations include a team of software developers with knowledge in designing and creating web-based applications and products for mobile devices. Co.'s real estate operations consist of various properties it owns and operates for investment purposes.

Preferred: HCIIP


Open the HCI Information Page »
Name:  HCI Group Inc
Website:  www.hcigroup.com
Sector:  Insurance Brokers
Number of ETFs Holding HCI:  42 (see which ones)
Total Market Value Held by ETFs:  $157,897,971
Total Market Capitalization:  $1,187,000,000
% of Market Cap. Held by ETFs:  13.30%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

HCI Group Inc | 7.0% Series A Cumulative Redeemable Preferred Stock (HCIIP) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2024, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.