RNR-F RenaissanceRe ADRs of5.750% Series F Preference Share
These are depositary shares (the “Depositary Shares”), each of which represents a 1/1,000th interest in a share of our preference shares, par value $1.00 per share. Upon liquidation, dissolution or winding up, the holders of the preference shares will be entitled to receive from our assets legally available for distribution to shareholders a liquidation preference of $25,000 per share (equivalent to $25 per Depositary Share), plus declared and unpaid dividends, if any, to, but excluding, the date fixed for distribution, without accumulation of any undeclared dividends, and without interest. Dividends on the preference shares will be payable from the date of original issuance on a non-cumulative basis only when, as and if declared by our Board of Directors, quarterly in arrears on the first day of March, June, September and December of each year, commencing September 1, 2018. Distributions will be made in respect of the Depositary Shares if and to the extent dividends are paid on the related preference shares. On or after June 1, 2023, we may redeem the preference shares, in whole or in part, at any time, at a redemption price of $25,000 per share (equivalent to $25 per Depositary Share), plus an amount equal to the portion of the quarterly dividend attributable to the then-current dividend period to, but excluding, the date of redemption; provided that no redemption may occur prior to June 1, 2028 unless the Redemption Requirements are met. This security was issued by Renaissancere Holding Ltd, whose common stock symbol is RNR.
$22.34 +0.25 (1.13%)
As of 03/27/2023 10:16:08 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Insurance—Reinsurance
Index country: USA
Country of incorporation: Bermuda
IPO date: 06/12/2018
Outstanding shares: 10,000,000
Average volume: 53,675
Market cap: $232,700,000
Current dividend yield: 6.18% calculation
Coupon rate: 5.750%
Cumulative: No
Liquidation value: $25.00
Callable after: 06/01/2023
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: BFMZ665