ESGRP Enstar Group ADRs of 7.00% Fixed-to-Floating Non-Cumulative Preferred Series D
We will pay dividends on the Preference Shares when, as and if declared by our board of directors or a duly authorized committee thereof. Any such dividends will be payable from the date of original issuance on a non-cumulative basis, quarterly in arrears on the 1st day of March, June, September and December of each year, beginning on September 1, 2018, at a rate equal to 7.00% of the liquidation preference per annum up to but excluding September 1, 2028. Beginning on September 1, 2028, any such dividends will be payable on a non-cumulative basis, only when, as and if declared by our board of directors or a duly authorized committee thereof, at a floating annual rate, which is reset quarterly, equal to three-month LIBOR (as defined herein) plus 4.015% of the liquidation preference per annum. On and after 9/20/2028, the Preference Shares will be redeemable at our option in whole or in part, at a redemption price of $25.00 per depositary share, plus declared and unpaid dividends, if any, to, but excluding, the date of redemption, without interest on such unpaid dividends. This security was issued by Enstar Group Ltd, whose common stock symbol is ESGR.
$20.89 -0.27 (-1.28%)
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—Diversified
Index country: USA
Country of incorporation: Bermuda
IPO date: 06/20/2018
Outstanding shares: 16,000,000
Average volume: 29,405
Market cap: $346,240,000
Current dividend yield: 8.09% calculation
Initial coupon rate: 7.000%
Spread to LIBOR: 0.040150
Cumulative: No
Liquidation value: $25.00
Callable after: 09/20/2028
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: BFXXB52