Aspen Insurance Holdings Prices Preferred Issue

Aspen Insurance Holdings LTD (NYSE:AHL) has priced their new issue of preferred stock.

The issue, of course, is non-cumulative and is low investment grade (note that both major ratings agencies rate it low investment grade, but both are on negative credit watch).

We expect that this issue will trade tomorrow (Wednesday) with the OTC Grey market ticker in the chart below.

AHL is a fairly large insurer with total assets of around $13 billion.

The pricing term sheet can be read here.

The company has 2 other preferred issues outstanding which can be seen here. Potential investors need to compare all 3 issues to find the one that makes the most sense to them.

7 thoughts on “Aspen Insurance Holdings Prices Preferred Issue”

  1. 8/7 9:28AM. Vanguard says there will be a $50 fee for a purchase of a “foreign security”

    1. I have 500 shares of AHL-D, same size coupon. Placed an overnight order to sell @ $25.39, missed by one penny. AHL-D has accrued QDI of $.29. I cancelled the order. Fidelity also wants $50 for the foreign stock fee, ridiculous IMHO. I sold my 200 shares of NEWTL at $25.27 at Schwab, covering the transaction fees and waiting for Schwab to recognize the SYMBOL. FIDO Active Trade show: Last Trade at $25.09 for 1,000 shares. Bid of $25.06 110,000 ask 10,000@ $25.09. I realize that AHL is no AllState. Still double IG rated. What is there not to like, I asked myself? I hate to sell RMR-F with interest payment just ex this month. Or my remaining 200 shares of MGR with higher coupon for the note.

      1. I wonder if this is new. I bought AHL-D at the end of 2016 and sold a year later after a $4 cap gain. Looking at my transaction history, I don’t see any fee other than the normal comm.

        1. Hi Martin–every broker is different. I seldom have this charge pop up on anything I buy on eTrade–but it has been going on for a long time–not new, with some brokers.

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