Rhea-AI Summary
Aspen Insurance Holdings has announced the redemption of all 11 million outstanding 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares (NYSE: AHLPRC) on January 1, 2025. The redemption price is set at US$25.00 per share, totaling US$275 million. A separate dividend payment of US$0.6196 per share for Q4 2024 will be paid to holders of record as of December 15, 2024. The company will fund the redemption using proceeds from its recent 7.00% Perpetual Non-Cumulative Preference Shares offering and general corporate funds.
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