PartnerRe To Redeem Preferred Shares

April 2, 2021 | 0 Comments

PartnerRe Ltd. announced that it will redeem all of its outstanding 6.50% Series G Cumulative Redeemable Preferred Shares, 7.25% Series H Cumulative Redeemable Preferred Shares, and 5.875% Series I Non-Cumulative Redeemable Preferred Shares on May 3.

The company said, “The Series G Preferred Shares, Series H Preferred Shares and Series I Preferred Shares are referred to collectively as the “Preferred Shares”.

“The Series G Preferred Shares and Series H Preferred Shares will be redeemed at a redemption price of $25.00 per share, plus accrued and unpaid dividends thereon. The Series I Preferred Shares will be redeemed at a redemption price of $25.00 per share, plus an amount equal to the portion of the quarterly dividend attributable to the current dividend period to, but excluding, the Redemption Date.”

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