Business
SiriusPoint Announces Redemption of Series B Preference Shares
HAMILTON, Bermuda, Jan. 29, 2026 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, announced today that the Company will redeem all 8 million of its issued and outstanding 8.00% Resettable Fixed Rate Preference Shares, Series B (“Series B Preference Shares”) on February 26, 2026 (the “Redemption Date”). The redemption price payable on the Redemption Date is $25.00 per share, plus $0.49, which reflects unpaid, accrued cum
About this update from Siriuspoint Ltd.
[{"type":"image","alt":"SiriusPoint Ltd.","displaySize":"","headline":null,"caption":"SiriusPoint Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":289,"url":"https://media.zenfs.com/en/globenewswire.com/6820e4ca27b2842f5b5bb305bf054ccd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/85IlKkWZQxUxIk_FKrbHtA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQwNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/6820e4ca27b2842f5b5bb305bf054ccd","width":300,"height":289}},"lazy":false},{"type":"text","content":"HAMILTON, Bermuda, Jan. 29, 2026 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, announced today that the Company will redeem all 8 million of its issued and outstanding 8.00% Resettable Fixed Rate Preference Shares, Series B (“Series B Preference Shares”) on February 26, 2026 (the “Redemption Date”). The redemption price payable on the Redemption Date is $25.00 per share, plus $0.49, which reflects unpaid, accrued cumulative dividends to, but excluding, the Redemption Date, without interest (the “Redemption Price”).","length":600,"tagName":"p"},{"type":"text","content":"All outstanding Series B Preference Shares will be called for redemption. Following the redemption, no Series B Preference Shares will remain outstanding and all rights with respect to such Series B Preference Shares will cease and terminate, except for the right to receive the Redemption Price. Upon completion of the redemption, the Company intends to delist the Series B Preference Shares from the New York Stock Exchange and deregister the Series B Preference Shares under the Securities Exchange Act of 1934.","length":514,"tagName":"p"},{"type":"text","content":"The redemption will help to simplify and optimize the Company’s capital structure and financial leverage, while also eliminating the cost of capital and related cash servicing associated with the Series B Preference Shares.","length":223,"tagName":"p"},{"type":"text","content":"The notice of redemption is in the process of being communicated to registered holders of the Series B Preference Shares. Holders may inquire about the redemption by contacting the redemption agent, Computershare Trust Company, N.A., at 150 Royall Street, Canton, MA 02021, 781-575-2765, or 800-546-5141.","length":304,"tagName":"p"},{"type"...