ARGO-A Argo Group International ADRs of 7.00% Resettable Fixed Rate Preference Share, Series A

Dividends will be payable from the date of initial issuance on a non-cumulative basis, quarterly in arrears on the 15th day of March, June, September and December of each year, beginning on September 15, 2020, at a rate equal to 7.00% of the liquidation preference per annum. Beginning on September 15, 2025 any such dividends will be payable on a non-cumulative basis, only when, as and if declared by our Board of Directors or a duly authorized committee thereof, during each reset period, at a rate per annum equal to the Five-year U.S. Treasury Rate as of the most recent reset dividend determination date plus 6.712%. We may redeem the Series A Preference Shares at our option, in whole or in part, from time to time, on or after September 15, 2025, at a redemption price equal to $25 per depositary share, plus the amount of declared and unpaid dividends, if any, without interest on such unpaid dividends.  This security was issued by Argo Group International Holdings, whose common stock symbol is ARGO.

$23.10  +0.49 (2.19%)
As of 06/29/2022 15:15:47 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Insurance—Property & Casualty
Index country:  USA
Country of incorporation:  Bermuda
IPO date:  07/21/2020
Outstanding shares:  6,000,000
Average volume:  21,420
Market cap:   $139,560,000
Current dividend yield:  7.52%    calculation
Initial coupon rate:    7.000%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   09/15/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BMVZ8X6

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