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AXIS Capital Holdings Limited Message Board

  • effend effend Jan 3, 2011 10:15 AM Flag

    AXS-PA

    I noticed AXS did not call the AXS-PA preferred shares when they became callable on 10/15/2010. These are trading near par. These are rated Baa3 / BBB and qualify for the 15% tax rate. I have had a number of high-yield preferred issues called away by companies that are able to refinance. It seems they are happy to pay the 7.25% rate for now.

    Axis Capital Holdings Ltd, 7.25% Series A Non-cumul Preferred Shares

    Effen

 
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