Allstate Corp 5.10% Fixed to Floating Rate Debentures

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S&P Rating  BBB

Security Ticker Symbol   ALL-B

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Market Traded ON   NYSE

Interest Payment Paid on the 15th of January, April, July and October beginning on 04/15/2013

Quarterly Interest   .319   Annual Interest   1.275

After 1/15/2023 the interest rate shall be 3 month libor plus 3.165% reset quarterly. 

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Securities may be redeemed, at the issuers option, as early as 01/15/2023 for a redemption price of $25/share plus accrued interest

Interest Payment Will NOT be Qualified Distributions.  Payments are interest (not dividends) thus they do not qualify for preferential tax rates.

Maturity Date   01/15/2053

 

Company Investor Relations Page for Allstate

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Below you can find the offering Prospectus and or final pricing documents

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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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