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    Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock
    Ticker Symbol: AIZP*     CUSIP: 04621X207     Exchange: NYSE
    Security Type:   Mandatory Convertible Security
    * NOTE: This security is no longer trading as of 3/15/2021

    QUANTUMONLINE.COM SECURITY DESCRIPTION:  Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, liquidation preference $100 per share. The preferred shares are mandatorily convertible on 3/15/2021 into a variable number of Assurant, Inc. (NYSE: AIZ) common shares based on the then current price of the common shares for 20 consecutive trading days immediately prior to the conversion date. The conversion settlement rate will be 0.9354 shares per unit if the then current market price is equal to or greater than $106.9061 and 1.1225 shares per unit if the market price is equal to or less than $89.0869. For market prices between those values the settlement rate will be $100 divided by the market value. The last reported sale price of the common stock on 3/5/2018 was $88.66 per share. The preferred shares are convertible any time at the holder’s option into 0.9354 shares of common stock. Distributions of 6.50% per annum (6.50 per annum or $.1625 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). If an Acquisition Termination event occurs and the TWG Acquisition has not closed on or prior to 12/17/2018, the Issuer may, at its option, give notice of an acquisition termination redemption to the holders of the shares. If the Issuer provides such notice, then, on the Acquisition Termination Redemption Date, the Issuer will redeem the shares at a redemption amount per share equal to the Acquisition Termination Make-whole Amount (see prospectus for further information). If a Fundamental Change occurs shares of the Preferred Stock will be converted into shares of the issuers common stock at the Fundamental Change Conversion Rate and the holder will also be entitled to receive a Fundamental Change Dividend Make-whole Amount and Accumulated Dividend Amount (see prospectus for further informaion). Dividends paid by this preferred are eligible for a preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under normal holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-88 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 mandatory convertible preferred stock and their mandatory conversion provisions 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
    Conversion
    Shares@Price
    Distribution Dates 15%
    Tax Rate
    NYSE
    Chart
    6.50%
    $6.50
    $100.00
    N/A
    Not Callable
    3/15/2021
    NR NR
    5/28/2020
    0.9364@$106.9061+
    1.1225@$89.0869-
    3/15, 6/15, 9/15 & 12/15
    Click for MW ExDiv Date
    Click for Yahoo ExDiv Date
    YES

    Go to Parent Company's Record (AIZ)

    IPO - 3/6/2018 - 2.50 Million Shares @ $100.00 /share.    Link to IPO Prospectus
    Previous Ticker Symbol: AIZZP    Changed: 3/15/2018
    Market Value $250.0 Million

    Company's Online Information Links
    HOME PAGE:     https://www.assurant.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
    Inv Rel Email Address suzanne.shepherd@assurant.com
    General Email Address Investor.Relations@assurant.com
    Email Contact Form on Website Go to Email Form

    Address and Phone Numbers
    Address:   28 Liberty Street, 41st Floor, New York, NY10005
    Main Phone Number 212-859-7000
    Fax Number 212-859-7010
    Investor Relations   Suzanne Shepherd 201-788-4324
    Toll Free Phone Number Unknown
    CEO - Alan B. Colberg CFO - Richard Dziadzio

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