MH-D Maiden Holdings 6.700% Non-Cumulative Preference Shares Series D
Holders of Series D Preference Shares will be entitled to receive dividend payments only when, as and if declared by our Board of Directors or a duly authorized committee of the Board. Any such dividends will be payable from, and including, the date of original issue on a non-cumulative basis, quarterly in arrears on the 15th day of March, June, September and December of each year (each, a “dividend payment date”), commencing on September 15, 2017, at an annual rate of 6.700%. Dividends on the Series D Preference Shares are not cumulative. The Series D Preference Shares may not be redeemed prior to June 15, 2022, except in specified circumstances relating to certain corporate, tax or capital disqualification events, subject to the satisfaction of all other applicable conditions to redemption. On or after that date, we may, at our option, redeem the Series D Preference Shares, for cash, in whole or in part, at a redemption price of? $25 per Series D Preference Share plus declared and unpaid dividends, if any, to, but excluding, the date of redemption, without accumulation of any undeclared dividends; provided that no redemption may occur prior to June 15, 2027 unless (1) we have sufficient funds in order to meet the Bermuda Monetary Authority’s (the “BMA”) Enhanced Capital Requirement (the “ECR”) and the BMA (or its successor, if any) approves of the redemption or (2) we replace the capital represented by the Series D Preference Shares with capital having equal or better capital treatment as the Series D Preference Shares under the ECR. This security was issued by Maiden Holdings Ltd, whose common stock symbol is MHLD.
$5.81 +0.31 (5.64%)
As of 06/21/2022 16:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Insurance—Reinsurance
Index country: USA
Country of incorporation: Bermuda
IPO date: 06/09/2017
Outstanding shares: 6,000,000
Average volume: 51,802
Market cap: $34,860,000
Current dividend yield: 28.83% calculation
Coupon rate: 6.700%
Cumulative: No
Liquidation value: $25.00
Callable after: 06/15/2022
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: BF2XLS6