AXIS Capital will redeem all 6.875% series C preferreds April 17

By Wendy Van Sickle

Columbus, Ohio, March 2 – AXIS Capital Holdings Ltd. called all of its outstanding 6.875% series C preferreds for redemption on April 17, according to a company news release.

The 14,042,955 preferred shares have a par value $0.0125 apiece and liquidation preference or $25.00 each, for $351,073,875 in total liquidation preference.

The securities will be redeemed at $25.00 each, plus any declared dividends to, but excluding, the redemption date.

The preferred shares are traded on the New York Stock Exchange under the symbol “AXSprC.”

AXIS is a Pembroke, Bermuda-based holding company for specialty reinsurance.

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