Business: SiriusPoint Ltd 8.00% Resettable Fixed Rate Preference Shares, Series B, $25 per share, redeemable at the issuer's option on 02/26/2026 and every Feburary 26th in every fifth year thereafter at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of the Annual Fixed Dividend Rate will be paid quarterly on 2/28, 5/31, 8/31 & 11/30 to holders of record on the record date fixed by the board, not more than 60 days or less than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be 8.00% until the first redemption date, then it will be equal to the sum of the Five-Year U.S. Treasury Rate on the applicable fixed rate calculation date plus 7.298%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details). <p> 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. This company may lose its preferential tax rate if it is classified as a Passive Foreign Investment Company in this or a future tax year (see page S-27 of the prospectus for further information). <p> The Company may redeem the Depositary Shares at $25 (100%) of their principal amount plus accrued and unpaid dividends, if a Capital Disqualification Event occurs; and at $25.50 (102%) of their principal amount plus accrued and unpaid dividends if a rating agency event occurs. (see prospectus for further information). <p> This security was Not rated by Moody’s and rated BB+ by S&P at the date of its IPO. In regard to the payment of distributions 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.