Maiden charts $150mn preferred stock sale

Bermudian reinsurer Maiden Holdings plans to sell $150mn in
preferred shares at $25 each in a public offering, the firm said
today in regulatory filings.
Maiden will use some of the funds raised to redeem its $100mn of
8 percent notes which mature in 2042, according to statements
submitted to the Securities and Exchange Commission.
The company, whose biggest source of revenue comes from
providing reinsurance to New York-based sister company AmTrust,
said it expects to net about $145.3mn in...