Fabrib
Forumer storico
On December 9, 2019, The Allstate Corporation (the “Registrant”) issued a press release announcing that it had called for redemption all 11,500 shares of its Fixed Rate Noncumulative Perpetual Preferred Stock, Series A, par value $1.00 per share and liquidation preference $25,000 per share (the “Series A Preferred Stock”), and the corresponding depositary shares (the “Series A Depositary Shares”), each representing a 1/1,000th interest in a share of the Series A Preferred Stock, on January 15, 2020 (the “Redemption Date”). The Series A Depositary Shares are currently traded on the New York Stock Exchange under the symbol “ALL PR A” (CUSIP No. 020002408).
The Depositary Shares will be redeemed for a redemption price equal to $25.00 per Depositary Share (equivalent to $25,000 per share of Preferred Stock) (the “Redemption Payment”) for a total Redemption Payment of $287,500,000. From and after the Redemption Date, all dividends will cease to accrue on the redeemed Preferred Stock.
On January 15, 2020, a dividend of $0.3515625 per Series A Depositary Share shall be paid in cash to the record holders at the close of business on December 31, 2019. All Depositary Shares are held in book-entry form through The Depository Trust Company.
The Depositary Shares will be redeemed for a redemption price equal to $25.00 per Depositary Share (equivalent to $25,000 per share of Preferred Stock) (the “Redemption Payment”) for a total Redemption Payment of $287,500,000. From and after the Redemption Date, all dividends will cease to accrue on the redeemed Preferred Stock.
On January 15, 2020, a dividend of $0.3515625 per Series A Depositary Share shall be paid in cash to the record holders at the close of business on December 31, 2019. All Depositary Shares are held in book-entry form through The Depository Trust Company.