As Eugene noted in the Reader Initiated Alerts my old friend WR Berkley (WRB) is finally stepping up and doing a partial call on the WRB-B 5.625% Jr Subordinated Debentures which have been callable since 5/2018.
Shares tumbled the last 3 days from the $25.80 area to $25.39 now–obviously someone had this info early.
The company will fund the partial redemption with further issuance of 4% Senior Notes.
The info is in the prospectus here.
I have owned this issue many times over the years–but not lately.