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.
‘Structural Shift’ Occurring in California Surplus Lines 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
