A.M. Best has assigned a debt rating of “bb+” to the forthcoming
$100 million 7.25% non-cumulative perpetual preferred stock of AmTrust
Financial Services Inc. (AmTrust) (headquartered in New York, NY)
[NASDAQ: AFSI]. The outlook assigned to the rating is stable.
A.M. Best has assigned a debt rating of “bbb” to the recently
issued $250.0 million 6.25% non-cumulative perpetual preferred stock of The
Allstate Corporation (Northbrook, IL) [NYSE: ALL]. The outlook
assigned to the rating is stable.
Anworth Mortgage Asset Corporation (NYSE: ANH) announced that in
accordance with the terms of Anworth’s 6.25% Series B Cumulative
Convertible Preferred Stock, or Series B Preferred Stock, the Company
announced that the conversion rate of the Series B Preferred Stock will
increase from 4.0411 shares of Anworth’s common stock to 4.0919 shares
of its common stock effective July 1, 2014.
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