SiriusPoint Announces Dividend on Series B Preference Shares

Rhea-AI Summary

SiriusPoint (NYSE: SPNT), an international specialty insurer and reinsurer, has declared a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B. The dividend has a $25.00 liquidation preference per share and will be paid on or before November 30, 2024 to Series B shareholders of record as of November 15, 2024. The dividend declaration was approved by the Company's Audit Committee of the Board of Directors.

Positive

• Consistent dividend payment maintains steady income stream for Series B shareholders
• 8.00% fixed rate preference shares provide stable yield for investors

Negative

• None.

HAMILTON, Bermuda, Oct. 31, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), an international specialty insurer and reinsurer, has announced that the Audit Committee of the Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share payable on or prior to November 30, 2024 to Series B shareholders of record as of November 15, 2024.

About SiriusPoint

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With over $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Stable) from AM Best, S&P and Fitch, and A3 (Stable) from Moody’s. For more information please visit www.siriuspt.com.

Contacts

Investor Relations
Liam Blackledge, SiriusPoint
Liam.Blackledge@siriuspt.com
+ 44 203 772 3082

Media
Sarah Hills, Rein4ce
Sarah.Hills@rein4ce.co.uk
+ 44 7718 882011

FAQ

What is the dividend amount for SiriusPoint's Series B Preference Shares (SPNT) in Q4 2024?

SiriusPoint announced a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B.

When is the dividend payment date for SiriusPoint (SPNT) Series B shares?

The dividend will be paid on or prior to November 30, 2024, to Series B shareholders of record as of November 15, 2024.

What is the liquidation preference for SiriusPoint (SPNT) Series B Preference Shares?

The Series B Preference Shares have a liquidation preference of $25.00 per share.