ALL-I Allstate Corporation ADRs of 4.75% Noncumulative Preferred Stock, Series I
We will pay dividends on the Preferred Stock on a noncumulative basis only when, as and if declared by our board of directors (or a duly authorized committee of the board) and to the extent that we have legally available funds to pay dividends. Dividends will accrue from November 8, 2019 on the liquidation amount of $25,000 per share of the Preferred Stock and be payable in arrears at an annual rate equal to 4.750% on January 15, April 15, July 15 and October 15 of each year, commencing January 15, 2020. Dividends on the Preferred Stock are not cumulative. We may, at our option, redeem the shares of Preferred Stock (i) in whole but not in part at any time prior to January 15, 2025, within 90 days after the occurrence of a "rating agency event" at a redemption price equal to $25,500 per share (equivalent to $25.50 per Depositary Share), plus any declared and unpaid dividends, without regard to any undeclared dividends, to, but excluding, the redemption date, or (ii) (a) in whole but not in part at any time prior to January 15, 2025, within 90 days after the occurrence of a "regulatory capital event," or (b) in whole or in part, from time to time, on any dividend payment date on or after January 15, 2025, in each case, at a redemption price equal to $25,000 per share (equivalent to $25 per Depositary Share), plus, in each case, any declared and unpaid dividends, without regard to any undeclared dividends, to, but excluding, the redemption date. This security was issued by Allstate Corp, whose common stock symbol is ALL.
$21.33 +0.41 (1.96%)
As of 03/27/2023 09:56:23 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Insurance—Property & Casualty
Index country: USA
Country of incorporation: USA
IPO date: 11/27/2019
Outstanding shares: 12,000,000
Average volume: 9,173
Market cap: $268,560,000
Current dividend yield: 5.31% calculation
Coupon rate: 4.750%
Cumulative: No
Liquidation value: $25.00
Callable after: 01/15/2025
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BK727P2