AXIS Capital to redeem all outstanding 7.5% series B preferred shares

By Tanya Meyer

Chicago, Dec. 29 – AXIS Capital Holdings Ltd. announced that it will redeem all $2,843,000 of its outstanding 7.5% series B preferred shares.

The preferreds will be redeemed on Jan. 27 at their liquidation preference of $100 each, plus accrued dividends, according to a news release.

Axis Capital is a Pembroke, Bermuda-based provider of specialty insurance and treaty reinsurance.

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