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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
Security Type:   Traditional Preferred Stock

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).

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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
Fixed/Adj
$1.85025
$25.00
$25.00
Called for
1/01/17

None
Ba1 / BBB-
2/18/16
1/1, 4/1, 7/1 & 10/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
Yes

Goto 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: 11/17/06
Market Value $ 200 Million

Company's Online Information Links
HOME PAGE:     http://www.aspen.co/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Address mark.p.jones@aspen.co

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 646-289-4945
Toll Free Phone Number Unknown
CHR - Glyn P. Jones CFO - Scott Kirk

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