NORTHBROOK, Unwell., Feb. 17, 2023 – As a part of Allstate’s precedence to successfully handle our capital, The Allstate Company (NYSE: ALL) right this moment introduced that on April 17, 2023, it can redeem all of its excellent Sequence G Most well-liked Inventory at par for a complete redemption fee of $575 million. The dividend fee of the securities to be redeemed is 5.625%.
The redemption will embrace all 23,000 shares of its Mounted Price Noncumulative Perpetual Most well-liked Inventory, Sequence G, in addition to the corresponding Depositary Shares, every representing a 1/1,000th curiosity in a share of the Most well-liked Inventory.
The Depositary Shares are presently traded on the New York Inventory Alternate underneath the image “ALL PR G” (CUSIP No. 020002127). The Depositary Shares will probably be redeemed at a redemption value of $25.00 per Depositary Share.
On April 17, 2023, a dividend within the quantity of $0.3515625 per Sequence G Depository Share will probably be paid in money to holders of document on the shut of enterprise on March 31, 2023. On and after the redemption date, the Sequence G Most well-liked Inventory will not be deemed excellent, and no additional dividends will probably be declared or payable on it.
The Depositary Shares are held by way of The Depository Belief Firm (DTC) and will probably be redeemed in accordance with the procedures of DTC. Fee to DTC will probably be made by Equiniti Belief Firm, Allstate’s redemption agent for the Depositary Shares. Questions in regards to the discover of redemption and associated supplies must be directed to EQ Shareowner Providers by mail at P.O. Field 64858, St. Paul, MN, 55164-0858, Consideration: Company Actions; by in a single day courier at 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN, 55120-4100, Consideration: Company Actions.
This information launch doesn’t represent a discover of redemption underneath the certificates of designations governing the Sequence G Most well-liked Inventory or the deposit settlement governing the Depositary Shares and is certified in its entirety by reference to the discover of redemption issued by The Allstate Company.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Put up Views: 186