Allstate closes public offering of 24M depositary shares for Series J Preferred Stock

ALLSTATE CORP

Offering of 24,000,000 depositary shares representing Series J Fixed Rate Noncumulative Perpetual Preferred Stock closed May 18, 2023.
Underwriting agreement with BofA Securities, J.P. Morgan, Loop Capital, Morgan Stanley, Wells Fargo.
Series J Preferred Stock has $25,000 liquidation preference per share; restricts common dividends if Series J dividends unpaid.
Certificate of Designations filed with Delaware Secretary of State on May 16, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ALLSTATE CORP: Filed Certificate of Designations to establish Series J Preferred Stock, effective May 16, 2023 (effective 2023-05-16).

Change: charter amendment
Effective: 2023-05-16

Exact text from the filing

On May 16, 2023, the Registrant filed a Certificate of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the Series J Preferred Stock.

View on SEC.gov

Browse all governance changes →

ALLSTATE CORP filing history →

Source: SEC EDGAR

accession 0000899051-23-000043

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.