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Published on 12/5/2012 in the Prospect News Preferred Stock Daily.

Preferred Stock Calendar

December

SEASPAN CORP.: Series D cumulative redeemable perpetual preferred stock; talked around 8%; callable on Jan. 30, 2018; Jefferies & Co., Incapital and Credit Suisse Securities (USA) Inc. (joint); proceeds for general corporate purposes; Hong Kong-based containership company.

On The Horizon

ALLSTATE CORP: $1.25 billion of preferreds and senior notes; proceeds to be used to repurchase $1 billion of stock and for repayment of 2012 debt; Northbrook, Ill.-based insurance company.

SOUTHERN FIRST BANCSHARES INC.: $17.29 million fixed-rate series T cumulative perpetual preferreds; $1,000 liquidation preference; to be sold by Treasury Department; dividend is initially 5% and will increase to 9% on May 15, 2014; company will not receive any proceeds from the sale; Greenville, S.C.-based holding company for Southern First Bank NA.


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