Trading in preferred securities of St. Paul Capital will be immediately suspended according to the New York Stock Exchange because too few are publicly held after St. Paul Cos. to converted the securities into common stock. The exchange also plans to make application to delist the issue. St. Paul converted 99.7 percent of its 6 percent convertible monthly income preferred securities Tuesday into its common stock.
Was this article valuable?
Here are more articles you may enjoy.
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
Cost of a Data Breach Reaches Record $5 Million on Average 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
