other material
confidence high
sentiment neutral
materiality 0.70
Maiden Holdings to convert all outstanding preference shares into common shares on Dec 27, 2022
Maiden Holdings, Ltd.
- Conversion of 8.25% Series A, 7.125% Series C, and 6.700% Series D non-cumulative preference shares.
- Each preference share exchanged for 3 common shares; value based on lower of closing price vs. 5-day average.
- Effective December 27, 2022; preference shares delisted from NYSE and deregistered thereafter.
- No preference shares will remain outstanding; all rights of former holders terminate.
- Company filed an Information Statement on Schedule 14C with the SEC providing additional details.