Axis to redeem $225m of preferred shares
A total of $225 million of preferred shares are being redeemed by Bermudian-based Axis Capital Holdings Ltd next month.
The company will redeem and liquidate all nine million of its 5.5 per cent Series D preferred shares.
The redemption price is $25 per share. The company has also announced a dividend on each share of 17.5 cents, to be paid on January 17, the redemption date, to shareholders of record on January 2. This means the total redemption price payable on January 17 will be $25.17 per preferred share.
Survivor tells of life-changing experience
Covid: no new cases reported today
Bermudian seniors on holiday stranded in UK
Shoppers implored to resist panic-buying
Burt: we must dig deep to defeat Covid-19
Public schools to reopen ‘when safe’
Grocery deliverers on standby
Take Our Poll