SiriusPoint Ltd., a global specialty insurer and reinsurer, announced it will redeem all 8 million outstanding Series B Preference Shares on February 26, 2026. The shares carry an 8.00% resettable fixed dividend rate.
The redemption price is set at $25.00 per share, plus $0.49 per share for accrued dividends up to the redemption date. No additional interest will be paid on the accrued dividends.
**Why this matters**
The redemption will retire the Series B Preference Shares, impacting the company’s capital structure and dividend obligations. Investors holding these shares will receive the redemption price on the specified date.