Enstar Group 7% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D
By: Tim McPartland,
Date Issued 6/20/2018
Shares Issued 16,000,000 Overallotment Shares 0
S&P Rating BB+ Moodys Rating NA
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Security Ticker Symbol ESGRP OTC Temp Ticker ENSTF
Market Traded ON NYSE
Dividend Payment Paid on the 1st of March, June, September and December beginning on 9/1/2018
Monthly Dividend .4375 Annual Dividend 1.75
Dividends will float after September 1, 2028 at a rate of 3 month Libor plus 4.015%
Securities may be redeemed, at the issuers option, as early as 09/1/2028 for a redemption price of $25/share plus accrued dividends
Dividend Payment Likely Will be a Qualified Distributions
Maturity Date None
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Click Here to find the offering Prospectus and Final Pricing Document
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Tim McPartland
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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.
