Insurance company Arch Capital (ACGL) has announced the redemption of their 5.25% non cumulative preferred stock (ACGLP) effective 9/30/2021.
Holders will receive a dividend of .328 cents/share.
Shares are trading at $25.26 so current holders will not suffer any losses.
Use of Proceeds section from an ACGL issue of June 2 telegraphed this upcoming call on this first possible call date…
2wr–yes if a person has time to look at all the debt prospectus’s that are being issued by the various folks many times they have use of proceeds hints. I’ve caught a number of them over the years, but we all would need lots more time to read through the mountain of paper.
Hence the benefit of your site, Tim… I think it was from comments here that I picked up on the June issue – maybe indirectly because of watching WTREP, but either way, thanks to your site….