NORTHBROOK, Unwell., Feb. 17, 2023 – As a part of Allstate’s precedence to successfully handle our capital, The Allstate Company (NYSE: ALL) right now introduced that on April 17, 2023, it should redeem all of its excellent Collection G Most popular Inventory at par for a complete redemption cost of $575 million. The dividend price of the securities to be redeemed is 5.625%.
The redemption will embrace all 23,000 shares of its Mounted Price Noncumulative Perpetual Most popular Inventory, Collection G, in addition to the corresponding Depositary Shares, every representing a 1/1,000th curiosity in a share of the Most popular Inventory.
The Depositary Shares are at present traded on the New York Inventory Change below the image “ALL PR G” (CUSIP No. 020002127). The Depositary Shares will likely 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 Collection G Depository Share will likely be paid in money to holders of file on the shut of enterprise on March 31, 2023. On and after the redemption date, the Collection G Most popular Inventory will now not be deemed excellent, and no additional dividends will likely be declared or payable on it.
The Depositary Shares are held via The Depository Belief Firm (DTC) and will likely be redeemed in accordance with the procedures of DTC. Fee to DTC will likely be made by Equiniti Belief Firm, Allstate’s redemption agent for the Depositary Shares. Questions concerning the discover of redemption and associated supplies ought to be directed to EQ Shareowner Companies 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 below the certificates of designations governing the Collection G Most popular 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 info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
Submit Views: 280