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Stock impact report

Allstate Announces Redemption of Series C Preferred Stock

Allstate Corporation (The) (ALL) 
Last allstate corporation (the) earnings: 2/4 06:08 pm Check Earnings Report
US:NYSE Investor Relations: allstateinvestors.com
Company Research Source: PR Newswire
NORTHBROOK, Ill., Aug. 30, 2018 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today announced that on Oct. 15, 2018, it will redeem all 15,400 outstanding shares of its Fixed Rate Noncumulative Perpetual Preferred Stock, Series C (Series C Preferred Stock), and the corresponding 15,400,000 depositary shares (Depositary Shares), each representing a 1/1,000th interest in a share of the Series C Preferred Stock. The Depositary Shares are currently traded on the New York Stock Exchange under the symbol "ALL PR C" (CUSIP No. 020002606). The Depositary Shares will be redeemed at a redemption price of $25.00 per Depositary Share, representing an aggregate amount of $385,000,000. The redemption price of $25.00 per Depositary Share does not include declared and unpaid dividends. Regular quarterly dividends were declared in the amount of $0.421875 per Depositary Share and will be paid separately in the customary manner on Oct. 15, 2018, to holders of record at the Show less Read more
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