W.R. Berkley Corporation 5.70% Subordinated Debentures due 2058
By: Tim McPartland,
Date of Issue 3/19/2018
Shares Issued 7,000,000 Overallotment Shares 1,050,000
S&P Rating BBB- Moodys Rating Baa3
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Security Ticker Symbol WRB-E
Market Traded ON NYSE
Interest Payment Paid on the 30th of March, June, September, December beginning on 06/30/2018
Quarterly Interest .356 Annual Interest 1.425
Securities may be redeemed, at the issuers option, as early as 03/30/2023 for a redemption price of $25/share plus accrued interest
Interest Payment Will NOT be Qualified Distributions
Maturity Date 03/30/2058
Company Investor Relations Page for WR Berkley
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Click Here to find the offering Prospectus
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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.
