NORTHBROOK, Sick., Feb. 17, 2023 – As a part of Allstate’s precedence to successfully handle our capital, The Allstate Company (NYSE: ALL) right this moment 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 cost of $575 million. The dividend fee of the securities to be redeemed is 5.625%.
The redemption will embody all 23,000 shares of its Mounted Fee 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 at the moment traded on the New York Inventory Alternate underneath the image “ALL PR G” (CUSIP No. 020002127). The Depositary Shares might be redeemed at a redemption worth of $25.00 per Depositary Share.
On April 17, 2023, a dividend within the quantity of $0.3515625 per Sequence G Depository Share might be paid in money to holders of document on the shut of enterprise on March 31, 2023. On and after the redemption date, the Sequence G Most popular Inventory will now not be deemed excellent, and no additional dividends might be declared or payable on it.
The Depositary Shares are held by means of The Depository Belief Firm (DTC) and might be redeemed in accordance with the procedures of DTC. Cost to DTC might be made by Equiniti Belief Firm, Allstate’s redemption agent for the Depositary Shares. Questions concerning the discover of redemption and associated supplies must be directed to EQ Shareowner Providers 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 info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.
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