FG Nexus Inc. 8.00% Series A Cumulative Preferred Stock (FGNXP)
NGM · Preferred · CUSIP 68244P206
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Security Details

Coupon Rate
8.00%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
2/28/2023
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
2.00
Distribution Dates
3/15, 6/15, 9/15 & 12/15
Credit Ratings
Moody's NF · S&P NF (11/30/2025)
Tax-Advantaged Dividends
Yes

Security Profile

Security Type
Traditional Preferred Stock »
CUSIP
68244P206
Market Cap
Micro Cap
IPO
2/5/2018 · $25.00/share
Previous Symbol
FGFPP (changed 8/11/2025)
Previous Name
FG Financial Group, Inc.
Parent Company
FG Nexus, Inc. (FGNX)
Business: FG Financial Group, Inc., formerly 1347 Property Insurance Holdings, Inc., 8.00% Series A Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 2/28/2023 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 8.00% per annum ($2.00 per annum or $0.50 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is the record date). 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 83 of the prospectus for further information). <p> 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.
Notes: August 11, 2025 -- Charlotte, NC, Aug. 11, 2025 (GLOBE NEWSWIRE) — Fundamental Global Inc. (Nasdaq: FGF, FGFPP), (the “Company” or “FG Nexus”), today announced that its ticker symbol will change to NASDAQ: FGNX for its Common Stock and NASDAQ: FGNXP for its Series A Preferred Shares, replacing the previous symbols “FGF” and “FGFPP,” respectively, effective at market open, August 11, 2025.<p> “The ticker change, along with our upcoming name change to FG Nexus, reflects our evolution as the premier Ethereum pure-play treasury company and our mission to become the world’s largest corporate holder of ETH,” said Kyle Cerminara, CEO and Chairman of FG Nexus.<p> The ticker changes are part of the Company’s continued transformation following its recent $200 million private placement and $5 billion shelf registration filing, which established one of the largest capital frameworks in the ETH digital asset treasury sector.<p> May 18, 2021 -- FG Financial Group, Inc. (NASDAQ: FGF, FGFPP), (“FG Financial Group” or the “Company”) today announced the pricing of its underwritten public offering of 169,200 shares of its 8.0% Series A Cumulative Preferred Stock at a public offering price of $25.00 per share, for gross proceeds of $4,230,000, before deducting underwriting commissions and offering expenses. All of the shares of Series A Preferred Stock are being offered by the Company.

Company Contact

CEO
Kyle Cerminara
CFO
Mark Roberson
Headquarters
108 Gateway Blvd, Suite 204, Mooresville, NC 28117
Phone
704-994-8279 · Toll-Free 844-962-4766
Investor Relations
Michael H. Braun · 954-308-1322 · FedNatCEO@fgnexus.io
General Email
john@fgnexus.io
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