Kingsway issues $2M of 8% Class D Preferred Stock convertible into common

KINGSWAY FINANCIAL SERVICES INC

Sold 80,000 shares of Class D Preferred Stock at $25/share for $2.0M aggregate proceeds.
Dividend rate 8% per annum, rising to 18% if unpaid for two consecutive quarters.
Each preferred share convertible into 2.6316 common shares (max 210,526 shares) through May 2032.
Mandatory redemption on May 7, 2032 at $25/share plus accrued dividends.
Optional redemption of up to 25% after certain asset sales yielding 15% IRR.

item 1.01item 2.03item 3.02item 5.03item 9.01

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.