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Aspen Insurance Holdings Ltd, 7.401% Fixed/Adj Perp Non-Cumul Preference Shares
Ticker Symbol: AHL-A* CUSIP: G05384139 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/01/2017
Security has been Called for: Sunday, January 1, 2017
On November 3, 2016, Aspen Insurance Holdings Limited issued a notice of mandatory redemption in connection with all of its issued and outstanding 7.401% Perpetual Non-Cumulative Preference Shares. The redemption is to take place on January 1, 2017. The redemption will be conducted pursuant to the terms of the certificate of designation, dated November 15, 2006, governing the 7.401% Preference Shares. The redemption price will be $25 per 7.401% Preference Share, representing an aggregate amount of $133,187,500, plus all declared and unpaid dividends to the date of the redemption. As previously disclosed on October 26, 2016, Aspen’s Board of Directors has in fact declared a dividend of $0.462563 per 7.401% Preference Share. The dividend will be payable on January 1, 2017 to the holders of record of 7.401% Preference Shares as of the close of business on December 15, 2016. Aspen has instructed Computershare Inc., located at 250 Royall Street, Canton MA 02021, United States of America, as redemption agent (Attention: Constance Adams; Tel: 201 680 5258).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Aspen Insurance Holdings Ltd, 7.401% Perpetual Non-Cumulative Preference Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 1/1/2017 at $25 per share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 7.401% ($1.85025) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1 through 1/1/2017 to holders of record on 12/15, 3/15, 6/15 & 9/15 respectively. Beginning 1/1/2017 dividends will be paid at a non-cumulative floating rate of the 3-month LIBOR plus 3.28% which will be reset quarterly. Dividends paid by these preference shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page 64 of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (AHL**)
IPO - 11/14/2006 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: AHLJF Changed: 11/17/2006
Market Value $200.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 141 Front Street, Hamilton, Bermuda HM 19 |
| Main Phone Number |
441-295-8201 |
| Fax Number |
441-295-1829 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: 590 Madison Ave, 7th Floor, New York, NY 10022 |
| Main Phone Number |
Not Available |
| Fax Number |
Not Available |
| Investor Relations
Mark Jones
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646-289-4945
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Toll Free Phone Number |
Unknown |
| CHR - Glyn P. Jones |
CFO - Scott Kirk |
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