Global Indemnity Limited 7.875% Subordinated Notes due 2047
By: Tim McPartland,
Date Issued 3/16/2017
Shares Issued 4,800,000 Overallotment shares 720,000
S&P Rating NR Moodys Rating NR
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Security Ticker Symbol GBLIL
Market Traded ON NASDAQ
Interest Payment Paid on the 15th of January, April, July and October beginning on 7/15/2017
Quarterly Interest .492 Annual Interest 1.968
Securities may be redeemed, at the issuers option, as early as 4/15/2022 for a redemption price of $25/share plus accrued interest
Interest Payment Will NOT be a Qualified Distribution (It is interest not a dividend)
Maturity Date 4/15/2047
Company Investor Relations Page for Global Indemnity
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Here you can find the offering Prospectus and Final Pricing Document
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
