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AHL-C Aspen Insurance 5.95% Fixed-to-Floating Rate Non-Cumulative Preferred

Dividends on the Preference Shares will be payable on a non-cumulative basis only when, as and if declared by our board of directors, quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, commencing on July 1, 2013, at a rate equal to 5.95% of the liquidation preference per annum (equivalent to $0.3719 per share for a full dividend period) up to but excluding July 1, 2023. Commencing on July 1, 2023, dividends will be payable on a non-cumulative basis only when, as and if declared by our board of directors at a floating annual rate, which is reset quarterly, equal to 3-month LIBOR plus 4.06%. Dividends on the Preference Shares are not cumulative. On July 1, 2023 and any dividend payment date thereafter, we may redeem the Preference Shares, in whole or in part, at a redemption price of $25 per share, plus declared and unpaid dividends, if any, to, but excluding, the date of redemption.  This security was issued by an entity whose common stock is not publicly traded on a stock exchange.

$23.18  +0.21 (0.92%)
As of 03/24/2023 16:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Insurance - Reinsurance
Index country:  Bermuda
Country of incorporation:  Bermuda
IPO date:  05/07/2013
Outstanding shares:  11,000,000
Average volume:  12,347
Market cap:   $268,620,000
Current dividend yield:  6.09%    calculation
Initial coupon rate:    5.950%
Spread to LIBOR: 0.040600
Cumulative:    No
Liquidation value:   $25.00
Callable after:   07/01/2023
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:   SEC Edgar Online
Annual filings:      20-F
Sedol:      B94QMV1

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