AXIS Capital Confirms NYSE Listing for Common & Preferred Shares
Ticker: AXS-PE · Form: 8-K · Filed: Jan 23, 2024 · CIK: 1214816
| Field | Detail |
|---|---|
| Company | Axis Capital Holdings Ltd (AXS-PE) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0125 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, security-registration, corporate-governance
TL;DR
**AXS confirms NYSE listing for common and preferred shares, ensuring continued market access.**
AI Summary
AXIS CAPITAL HOLDINGS LIMITED filed an 8-K on January 23, 2024, primarily to update its registered securities on the New York Stock Exchange. The filing confirms that both its Common shares (trading symbol AXS) and its Depositary shares, representing a 1/100th interest in a 5.50% Series E preferred share (trading symbol AXS PRE), are registered on the NYSE. This matters to investors because it reaffirms the liquidity and regulated trading environment for these specific securities, ensuring transparency and standard market practices for shareholders.
Why It Matters
This filing confirms the continued listing and trading of AXIS Capital's common and preferred shares on the NYSE, providing assurance of market access and regulatory oversight for investors.
Risk Assessment
Risk Level: low — This filing is a routine update confirming existing security registrations and does not introduce new financial risks or operational changes.
Analyst Insight
A smart investor would note this filing as a routine compliance update, confirming the continued listing of AXIS Capital's securities. It doesn't signal any immediate need for action but reinforces the stability of their market presence.
Key Numbers
- $0.0125 — Par value per Common share (The stated par value for AXIS Capital's common stock.)
- 5.50% — Series E preferred share interest (The dividend rate for the Series E preferred shares, which the depositary shares represent.)
- 1/100th — Interest in preferred share per depositary share (Each depositary share represents a fractional interest in a Series E preferred share.)
Key Players & Entities
- AXIS CAPITAL HOLDINGS LIMITED (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — the exchange where AXIS's securities are registered
- AXS (other) — trading symbol for Common shares
- AXS PRE (other) — trading symbol for Depositary shares (Series E preferred)
- $0.0125 (dollar_amount) — par value per Common share
- 5.50% (other) — interest rate for Series E preferred share
- January 23, 2024 (other) — date of earliest event reported and filing date
FAQ
What is the purpose of this 8-K filing by AXIS CAPITAL HOLDINGS LIMITED?
The purpose of this 8-K filing, dated January 23, 2024, is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits,' specifically confirming the registration of its securities pursuant to Section 12(b) of the Exchange Act.
Which specific securities of AXIS CAPITAL HOLDINGS LIMITED are registered on the New York Stock Exchange according to this filing?
According to the filing, two specific classes of securities are registered on the New York Stock Exchange: 'Common shares, par value $0.0125 per share' (trading symbol AXS) and 'Depositary shares, each representing a 1/100th interest in a 5.50% Series E preferred share' (trading symbol AXS PRE).
What is the trading symbol for AXIS CAPITAL HOLDINGS LIMITED's common shares?
The trading symbol for AXIS CAPITAL HOLDINGS LIMITED's common shares, with a par value of $0.0125 per share, is AXS on the New York Stock Exchange.
What is the interest rate associated with the Series E preferred shares mentioned in the filing?
The filing states that the Depositary shares each represent a 1/100th interest in a '5.50% Series E preferred share'.
What is the par value of AXIS CAPITAL HOLDINGS LIMITED's common shares?
The par value of AXIS CAPITAL HOLDINGS LIMITED's common shares is stated as '$0.0125 per share' in the filing.
Filing Stats: 536 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-01-23 16:11:26
Key Financial Figures
- $0.0125 — ch registered Common shares, par value $0.0125 per share AXS New York Stock Exchange
Filing Documents
- axs-20240123.htm (8-K) — 32KB
- q42023earningspre-releasep.htm (EX-99.1) — 144KB
- axislogo1a01.jpg (GRAPHIC) — 89KB
- 0001214816-24-000009.txt ( ) — 463KB
- axs-20240123.xsd (EX-101.SCH) — 2KB
- axs-20240123_def.xml (EX-101.DEF) — 7KB
- axs-20240123_lab.xml (EX-101.LAB) — 30KB
- axs-20240123_pre.xml (EX-101.PRE) — 16KB
- axs-20240123_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On January 23, 2024, AXIS Capital Holdings Limited, a Bermuda company, issued a press release announcing its preliminary 2023 full-year financial results and the conclusion of its reserve review. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information in this Current Report on Form 8-K, including the information set forth in Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press release dated January 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 23, 2024 AXIS CAPITAL HOLDINGS LIMITED By: /s/ Conrad Brooks Conrad Brooks Chief Administrative and Legal Officer