Odyssey Re announces plans to redeem series A, series B preferreds

By Devika Patel

Knoxville, Tenn., Sept. 15 - Odyssey Re Holdings Corp. said it will redeem all of its 8 1/8% noncumulative series A preferred shares and its floating-rate noncumulative series B preferred shares on Oct. 20.

The company will pay cash at a rate of $25.00 per series A preferred and $25.375 per series B preferred.

The Bank of New York is the transfer agent and paying agent.

Odyssey Re, located in Stamford, Conn., provides property and casualty reinsurance products.

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