Insurance company Hartford Financial Services Group (NYSE:HIG) will offer a new issue of non-cumulative preferred shares.
All of the terms for a financial (Insurance) company issue are typical–non-cumulative, quarterly payments and optionally redeemable in about 5 years.
The permanent ticker will be HIG-G when the shares trade. The OTC Grey market ticker has not yet been announced.
The company has no other outstanding preferred issues, but they do have a high yield fixed-to-floating baby bond debenture (NYSE:HGH) outstanding.