AXIS Capital To Redeem Series A Shares
Bermuda-based AXIS Capital Holdings Limited will redeem 4,000,000 of its 7.25 per cent Series A Preferred Shares, par value $0.0125 per share and liquidation preference $25.00 per share, constituting all of its outstanding Preferred Shares, representing $100,000,000 in aggregate liquidation preference of Preferred Shares, on June 19, 2013 at a redemption price equal to $25.00 per Preferred Share, plus all declared and unpaid dividends, through the Redemption Date.
Payment of the redemption price will be made upon presentation and surrender of Preferred Shares to be redeemed to Computershare, Redemption Agent, by hand or by overnight delivery at 250 Royall Street, Canton, Massachusetts 02021, Attention: Corporate Actions, or by mail at P.O. Box 43014, Providence, Rhode Island 02940-3014, Attention: Corporate Actions.
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at March 31, 2013 of $5.9 billion and locations in Bermuda, the United States, Europe, Singapore, Canada, Australia and Latin America. Its operating subsidiaries have been assigned a rating of “A+” [“Strong”] by Standard & Poor’s and “A” [“Excellent”] with a positive outlook by A.M. Best.
