RenaissanceRe Holdings will call all 11 million of its outstanding 5.375 percent series E preference shares for mandatory redemption on August 11, 2021.
The redemption price will be $25 per series E preference share, plus accrued and unpaid dividends to August 10, 2021. RenRe will use a portion of the proceeds of its previously announced depository share offering to finance the redemption.
After the redemption date the series E shares will no longer be deemed to be outstanding. Dividends will cease to accrue and all rights they bestow on shareholders will cease, except for the right to surrender them for the redemption price.
RenaissanceRe Holdings, RenRe