Featured Articles
Maiden Holdings LTD 7.125% Non Cumulative Preference Shares, Series C
Tim McPartland | November 22, 2015
Date Issued 11/19/2015 Shares Issued 6,000,000 Overallotment Shares 600,000 Security Ticker Symbol MH-C OTC Grey Market Ticker MDNHF Market Traded ON NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2016 Quarterly Dividend .445 Annual Dividend 1.781 Securities may be redeemed, at the issuers option, as early as 12/15/2020 for a redemption…
Property and Casualty Insurer Endurance Specialty Holdings LTD Sells a Preferred Issue
Tim McPartland | November 19, 2015
Property and casualty insurer Endurance Specialty Holdings LTD (ticker: ENH) recently sold a new preferred stock issue with a coupon of 6.35%.As usual with insurers and banks, the new issue is non-cumulative, so dividends must be declared except when the board of directors opts not to do so during a particular quarter by the normal payment date. Such instances are rare but…
Endurance Specialty Holdings LTD 6.35% Non Cumulative Preferred Share, Series C
Tim McPartland | November 18, 2015
Date Issued 11/17/2015Shares Sold 8,000,000 Overallotment Shares 1,200,000S&P Rating BBB- Moodys Rating Ba1S&P Rating is investment grade Moodys rating is 1 step under investment grade.Security Ticker Symbol ENH-C OTC Temp Ticker ENHFFMarket Traded ON NYSEDividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2016Quarterly Dividend .397 Annual Dividend 1.588Securities may…
United States Cellular Sells Senior Notes Maturing in 2064
Tim McPartland | November 17, 2015
A smallish U.S. cellular provider, United States Cellular (ticker:USM), did something more typical of the the telecommunications industry big boys by selling senior notes.These so-called "baby bonds," priced at $25/share for 7.25% Senior Notes, have a standard optional redemption period starting in 2020. But the bonds offer an unusually long maturity date that is way out to 12/1/2064.This issue is…
United States Cellular Corporation 7.25% Senior Notes due 2063
Tim McPartland | November 17, 2015
S&P Rating BB Moodys Ba1 Security Ticker Symbol UZBMarket Traded ON NYSEInterest Payment Paid on the 1st of March, June, September and December beginning on 03/1/2015Quarterly Interest .453 Annual Interest 1.813Securities may be redeemed, at the issuers option, as early as 12/8/2019 for a redemption price of $25/share plus accrued interestInterest Payment Will NOT be Qualified Distributions. Payments are interest (not dividends) thus they…
