PartnerRe to delist preference shares
Bermuda-based PartnerRe has announced it will delist its 4.875% preference shares from the New York Stock Exchange and it will also deregister the shares from the Securities and Exchange Commission.
The company, which is owned by French re/insurer Covea, said the actions were taken "due to the significant financial and administrative requirements of maintaining the NYSE listing and SEC registration".
The company said it will make the filing with the SEC on the July 11 and the preference shares will be delisted ten days later with the last trading day of the shares expected to be on or about July 19.
PartnerRe said it will continue to regularly provide financial information about the company, including audited US GAAP financial statements, on its website at www.partnerre.com.
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