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Prospect News home > News index > List of issuers Tenders > Headlines for 2012 > News item
Published on 11/27/2012 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

RenaissanceRe calls $150 million preferreds for mandatory redemption

By Ashley Montgomery

Kansas City, Kan., Nov. 27 - RenaissanceRe Holdings Ltd. announced that 6 million shares of its outstanding 6.6% series D preference shares will be subject to mandatory redemption on Dec. 27.

The shares will be redeemed at par for a total of $150 million plus accrued dividends to the redemption date.

The partial redemption will be allocated by random lottery. Following the redemption, 6 million shares will remain outstanding.

RenaissanceRe is a Pembroke, Bermuda-based property catastrophe reinsurer.


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