NORTHBROOK, Ill., Feb. 17, 2023 – As a part of Allstate’s precedence to successfully handle our capital, The Allstate Corporation (NYSE: ALL) at present introduced that on April 17, 2023, it can redeem all of its excellent Series G Preferred Stock at par for a complete redemption fee of $575 million. The dividend fee of the securities to be redeemed is 5.625%.
The redemption will embrace all 23,000 shares of its Fixed Rate Noncumulative Perpetual Preferred Stock, Series G, in addition to the corresponding Depositary Shares, every representing a 1/1,000th curiosity in a share of the Preferred Stock.
The Depositary Shares are at the moment traded on the New York Stock Exchange beneath the image “ALL PR G” (CUSIP No. 020002127). The Depositary Shares will probably be redeemed at a redemption value of $25.00 per Depositary Share.
On April 17, 2023, a dividend within the quantity of $0.3515625 per Series G Depository Share will probably be paid in money to holders of file on the shut of enterprise on March 31, 2023. On and after the redemption date, the Series G Preferred Stock will not be deemed excellent, and no additional dividends will probably be declared or payable on it.
The Depositary Shares are held by way of The Depository Trust Company (DTC) and will probably be redeemed in accordance with the procedures of DTC. Payment to DTC will probably be made by Equiniti Trust Company, Allstate’s redemption agent for the Depositary Shares. Questions concerning the discover of redemption and associated supplies ought to be directed to EQ Shareowner Services by mail at P.O. Box 64858, St. Paul, MN, 55164-0858, Attention: Corporate Actions; by in a single day courier at 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN, 55120-4100, Attention: Corporate Actions.
This information launch doesn’t represent a discover of redemption beneath the certificates of designations governing the Series G Preferred Stock or the deposit settlement governing the Depositary Shares and is certified in its entirety by reference to the discover of redemption issued by The Allstate Corporation.
Financial data, together with materials bulletins about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
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