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PXRE files $300 million shelf
By Ted A. Knutson
Washington, Sept. 15 - PXRE Group Ltd. filed a $300 million shelf registration with the Securities and Exchange Commission.
The S-3 filing allows the company to issue common and preferred stock, warrants and debt securities, and depositary shares. Securities may be issued in the form of convertibles.
The Pembroke, Bermuda-based reinsurer said offerings authorized by the shelf would be used for general corporate purposes.
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