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National General Holdings Corp., 7.50% Dep Shares Non-Cumul Pfd Stock Series C
Ticker Symbol: NGHCN*     CUSIP: 636220857     Exchange: NGM
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 7/15/2021

Security has been Called for:  Thursday, July 15, 2021

Jan 04, 2021 -- National General intends to redeem the Depositary Shares, Representing 1/40th of a Share of its 7.50% Non-Cumulative Preferred Stock, Series C (CUSIP No.: 636220857) (collectively, the “Class C Depositary Shares”) and the underlying 7.50% Non-Cumulative Preferred Stock, Series C (par value $0.01 per share) (CUSIP No.: 636220865) (collectively, the “Class C Preferred Stock”) when they become redeemable in July 2021. Prior to the redemption of the Class C Depositary Shares and Class C Preferred Stock, National General will continue to pay quarterly dividends on the Class C Preferred Stock. National General has notified the NASDAQ Global Select Market (“Nasdaq”) of its intention to, voluntarily delist from Nasdaq the Class C Depositary Shares, and, if permitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), terminate or suspend, as applicable, the registration of the same securities under the Exchange Act.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  National General Holdings Corp., 7.50% depositary shares each representing 1/40th interest in a share of Non-Cumulative Preferred Stock, Series C, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 7/15/2021 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-Cumulative distributions of 7.50% per annum ($1.875 per annum or $0.46875 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be 1/1, 4/1, 7/1 & 10/1 or such other record date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by this preferred security 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) and are also eligible for the dividends received deduction for corporate holders (see page S-37 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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
NGM
Chart
7.50%
$1.88
$25.00
$25.00
Called for
7/15/2021

None
NF NF
11/20/2020
1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (NGHC*)

IPO - 6/29/2016 - 7.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: NTTNP    Changed: 7/08/2016
Market Value $175.0 Million

Company's Online Information Links
HOME PAGE:     https://nationalgeneral.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address Investors@ngic.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   59 Maiden Lane, 38th Floor, New York, NY, 10038
Main Phone Number 212-380-9500
Fax Number Not Available
Investor Relations 212-380-9462
CEO - Michael Karfunkel CFO - Michael Weiner

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