Bermuda-based re/insurer Maiden Holdings Ltd yesterday announced that it has closed its $150 million offering of 8.25 percent non-cumulative preferred shares, with a liquidation preference of $25 per share.Maiden said yesterday that total net proceeds from the offering were around $145 million, after deducting the underwriting discount and estimated offering expenses payable by the company.As previously announced, Maiden expects to use the net proceeds from the offering for continued support and development of its reinsurance business and for other general corporate purposes, which may include repurchasing the company’s outstanding common shares and repurchasing the company’s outstanding 14 percent 30-year trust preferred securities (TRUPS) issued in January 2009.The company presently has no plans to repurchase a portion of the outstanding TRUPS with these proceeds prior to January 20, 2014 and expects to invest such net proceeds in marketable fixed income securities and short term investments.