PartnerRe to redeem series G, H and I preferred shares on May 3

Chicago, April 1 – PartnerRe Ltd. plans to redeem all of its 6.5% series G cumulative redeemable preferred shares, its 7.25% series H cumulative redeemable preferred shares and its 5.875% series I non-cumulative redeemable preferred shares on May 3, according to a press release.

The series G and series H shares will be redeemed at par of $25.00 plus unpaid dividends.

The series I shares will be repurchased at $25.00 per share plus an amount equal to the portion of the quarterly dividend attributable to the current dividend period to, but excluding, the redemption date.

Payment will be made upon presentation and surrender of the preferred shares to Computershare Shareowner Services, Redemption Agent by mail or by overnight delivery (150 Royall Street, Canton, MA 02021, Attn: Reorg. Dept.).

The reinsurance company has its U.S. operations based in Greenwich, Conn.

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