Maiden Announces the Conversion of its Preferences Shares, Series A, Series C and Series D for Common Shares
Retrieved on:
Monday, December 12, 2022
Maiden Holdings, Ltd., a Bermuda-based holding company (NASDAQ: MHLD) (Maiden or the Company), announced today that it has delivered notice to holders of its outstanding 8.25% Non-Cumulative Preference Shares, Series A (the Series A Preference Shares), 7.125% Non-Cumulative Preference Shares, Series C (the Series C Preference Shares) and 6.700% Non-Cumulative Preference Shares, Series D (the Series D Preference Shares and, together with the Series A Preference Shares and the Series C Preference Shares, the Preference Shares) that it intends to exchange all of the outstanding Preference Shares for its common shares, $0.01 par value per share (the Common Shares), on December 27, 2022 (the Redemption Date).
Key Points:
- Maiden Holdings, Ltd., a Bermuda-based holding company (NASDAQ: MHLD) (Maiden or the Company), announced today that it has delivered notice to holders of its outstanding 8.25% Non-Cumulative Preference Shares, Series A (the Series A Preference Shares), 7.125% Non-Cumulative Preference Shares, Series C (the Series C Preference Shares) and 6.700% Non-Cumulative Preference Shares, Series D (the Series D Preference Shares and, together with the Series A Preference Shares and the Series C Preference Shares, the Preference Shares) that it intends to exchange all of the outstanding Preference Shares for its common shares, $0.01 par value per share (the Common Shares), on December 27, 2022 (the Redemption Date).
- As a result of the Exchange, the Preference Shares will be delisted from the New York Stock Exchange on the Redemption Date.
- No Preference Shares will be issued or outstanding thereafter, and the Preference Shares will be deregistered under the Securities Exchange Act of 1934, as amended (the Exchange Act).
- The Preference Shares and the Common Shares are held in book-entry through the Depository Trust Company (DTC).