Argo Group (ARGO) 7.00% Series A Depositary Shares removed from NYSE listing
Rhea-AI Filing Summary
Argo Group International Holdings, Inc. is having its Depositary Shares, each representing a 1/1,000th interest in a 7.00% Resettable Fixed Rate Preference Share, Series A, removed from listing and registration on the New York Stock Exchange.
The New York Stock Exchange filed a Form 25, certifying that it has complied with its own rules and the requirements of the Securities Exchange Act of 1934 for striking this class of securities from listing and withdrawing its registration under Section 12(b).
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Insights
Argo’s 7.00% Series A Depositary Shares are being delisted from the NYSE.
The New York Stock Exchange has filed a Form 25 to remove Argo Group’s Depositary Shares, each tied to a 1/1,000th interest in its 7.00% Series A resettable fixed rate preference shares, from listing and registration under Section 12(b).
This action affects only that specific class of securities as described, not the company’s other securities mentioned elsewhere. The filing states that the Exchange has complied with its own rules and relevant SEC regulations for striking the class from listing and withdrawing registration.
For investors in this Series A instrument, the main implication is a shift away from NYSE listing for these Depositary Shares, which can influence where and how they trade going forward, although any alternative trading venues or corporate actions are not detailed in the provided excerpt.