Maiden Holdings to repurchase its trust preferreds via notes offering

By Tali David

Minneapolis, Nov. 18 - Maiden Holdings North America, Ltd. plans to use the proceeds from a new note offering to repurchase its outstanding trust preferred securities in January, according to a 424B5 filing with the Securities and Exchange Commission.

Until then, the company expects to invest such net proceeds in marketable fixed-income securities and short-term investments.

Maiden Holdings is a Hamilton, Bermuda-based reinsurance holding company.

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