ACE Limited announced that, on July 12, 2004, its subsidiary, Capital Re LLC, will redeem all $75 million of its 7.65 percent Cumulative Monthly Income Preferred Shares, Series A at $25 per share plus accumulated and unpaid dividends to the redemption date.
“Capital Re LLC will pay its normal dividend of $0.159375 per share on June 30, 2004 to holders of record as of June 29, 2004,” said the announcement. “The redemption is being funded by a portion of the net proceeds of certain senior notes recently sold by ACE INA Holdings Inc,” (See IJ Website June 3-4 “National”).
Was this article valuable?
Here are more articles you may enjoy.
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
Florida Board Drafting Rules That Could Stem Bogus Engineering Reports in Claims 
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’ 
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
