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NORTHBROOK, Unwell., Feb. 17, 2023 – As a part of Allstate’s precedence to successfully handle our capital, The Allstate Company (NYSE: ALL) immediately introduced that on April 17, 2023, it's going to redeem all of its excellent Sequence G Most popular Inventory at par for a complete redemption fee of $575 million. The dividend price of the securities to be redeemed is 5.625%.
The redemption will embrace all 23,000 shares of its Fastened Charge Noncumulative Perpetual Most popular Inventory, Sequence G, in addition to the corresponding Depositary Shares, every representing a 1/1,000th curiosity in a share of the Most popular Inventory.
The Depositary Shares are presently traded on the New York Inventory Trade underneath the image “ALL PR G” (CUSIP No. 020002127). The Depositary Shares shall 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 Sequence G Depository Share shall be paid in money to holders of report on the shut of enterprise on March 31, 2023. On and after the redemption date, the Sequence G Most popular Inventory will not be deemed excellent, and no additional dividends shall be declared or payable on it.
The Depositary Shares are held via The Depository Belief Firm (DTC) and shall be redeemed in accordance with the procedures of DTC. Cost to DTC shall be made by Equiniti Belief Firm, Allstate’s redemption agent for the Depositary Shares. Questions concerning the discover of redemption and associated supplies needs to be directed to EQ Shareowner Companies by mail at P.O. Field 64858, St. Paul, MN, 55164-0858, Consideration: Company Actions; by in a single day courier at 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN, 55120-4100, Consideration: Company Actions.
This information launch doesn't represent a discover of redemption underneath the certificates of designations governing the Sequence G Most popular Inventory 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 Company.
Monetary data, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
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