Allstate 6.25% Non Cumulative Preferred Stock (LEOPARDS)

By: ,

Date Issued 6/5/2014

Shares Issued  10,000,000  Over-allotment shares  -0-

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S&P Rating   BBB-   Moodys Rating   Baa3

Security Ticker Symbol   ALL-F    OTC Temporary Ticker   ALSTP

Market Traded ON   NYSE

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Dividend Payment Paid on the 15th of January, April, July and October beginning on 04/15/2014

Quarterly Dividend   .391   Annual Dividend   1.5625

Securities may be redeemed, at the issuers option, as early as 10/15/2019 for a redemption price of $25/share plus accrued dividends.  There is a ‘make whole’ payment of 45 basis points for redemptions before 10/15/2019 for a Rating Agency Event.

Dividend Payment Will Likely be a Qualified Distribution

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Maturity Date   None

Company Investor Relations Page for Allstate Corp

Below you can find the offering Prospectus and Final Pricing Document

LEOPARDS is a registered trademark of Incapital.  Read more on LEOPARDS here.

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Tim McPartland
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.
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