NORTHBROOK, Sick., Feb. 17, 2023 – As a part of Allstate’s precedence to successfully set up our capital, The Allstate Company (NYSE: ALL) as of late introduced that on April 17, 2023, it’ll redeem all of its remarkable Sequence G Most well-liked 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 come with all 23,000 stocks of its Fastened Charge Noncumulative Perpetual Most well-liked Inventory, Sequence G, in addition to the corresponding Depositary Stocks, each and every representing a 1/1,000th passion in a proportion of the Most well-liked Inventory.
The Depositary Stocks are recently traded at the New York Inventory Alternate below the emblem “ALL PR G” (CUSIP No. 020002127). The Depositary Stocks will probably be redeemed at a redemption value of $25.00 consistent with Depositary Percentage.
On April 17, 2023, a dividend within the quantity of $0.3515625 consistent with Sequence G Depository Percentage will probably be paid in money to holders of document on the shut of commercial on March 31, 2023. On and after the redemption date, the Sequence G Most well-liked Inventory will not be deemed remarkable, and no additional dividends will probably be declared or payable on it.
The Depositary Stocks are held via The Depository Believe Corporate (DTC) and will probably be redeemed according to the procedures of DTC. Fee to DTC will probably be made by way of Equiniti Believe Corporate, Allstate’s redemption agent for the Depositary Stocks. Questions in regards to the understand of redemption and comparable fabrics must be directed to EQ Shareowner Products and services by way of mail at P.O. Field 64858, St. Paul, MN, 55164-0858, Consideration: Company Movements; by way of in a single day courier at 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN, 55120-4100, Consideration: Company Movements.
This information liberate does no longer represent a understand of redemption below the certificates of designations governing the Sequence G Most well-liked Inventory or the deposit settlement governing the Depositary Stocks and is certified in its entirety by way of connection with the awareness of redemption issued by way of The Allstate Company.
Monetary data, together with subject material bulletins about The Allstate Company, is robotically posted on www.allstateinvestors.com.
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