SiriusPoint said it will redeem all 8 million outstanding 8.00% Resettable Fixed Rate Preference Shares, Series B, on February 26, 2026.

SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE: SPNT), a global specialty insurer and reinsurer, announced today that the Company will redeem all 8 million of its issued and outstanding 8.00% Resettable Fixed Rate Preference Shares, Series B ("Series B Preference Shares") on February 26, 2026 (the "Redemption Date"). The redemption price payable on the Redemption Date is $25.00 per share, plus $0.49, which reflects unpaid, accrued cumulative dividends to, but excluding, the Redemption Date, without interest (the "Redemption Price").

All outstanding Series B Preference Shares will be called for redemption. Following the redemption, no Series B Preference Shares will remain outstanding and all rights with respect to such Series B Preference Shares will cease and terminate, except for the right to receive the Redemption Price. Upon completion of the redemption, the Company intends to delist the Series B Preference Shares from the New York Stock Exchange and deregister the Series B Preference Shares under the Securities Exchange Act of 1934.

The redemption will help to simplify and optimize the Company's capital structure and financial leverage, while also eliminating the cost of capital and related cash servicing associated with the Series B Preference Shares.  

The notice of redemption is in the process of being communicated to registered holders of the Series B Preference Shares.

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