Monday, May 4, 2015

Allstate Insurance Corporation Preferred Stocks: Opportunities And Risks

Posted by Doug K. Le Du, Author of Preferred Stock Investing at 12:55 PM
Allstate issued one ETD and five preferred stocks within eighteen months, ending in June 2014, raising about $2.2 billion. Through 2014, the company repurchased common stock, also valued at $2.2 billion, essentially converting voting common equity into non-voting preferred equity and $500 million in new debt. These six income securities from Allstate offer long-term, stable income with low default risk and the five preferreds are designated as being QDI tax-advantaged. But they also come with risks...

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