SiriusPoint Announces Redemption of Series B Preference Shares

Core Viewpoint - SiriusPoint Ltd. will redeem all 8 million of its issued and outstanding 8.00% Resettable Fixed Rate Preference Shares, Series B, on February 26, 2026, at a price of $25.00 per share plus $0.49 for unpaid, accrued cumulative dividends [1][2]. Group 1 - The redemption will simplify and optimize the Company's capital structure and financial leverage, eliminating the cost of capital and related cash servicing associated with the Series B Preference Shares [3]. - Following the redemption, no Series B Preference Shares will remain outstanding, and all rights with respect to such shares will cease, except for the right to receive the Redemption Price [2]. - The Company intends to delist the Series B Preference Shares from the New York Stock Exchange and deregister them under the Securities Exchange Act of 1934 after the redemption [2]. Group 2 - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda, with offices in New York, London, and Stockholm, and is listed on the New York Stock Exchange [5]. - The Company has approximately $2.8 billion in total capital and holds a financial strength rating of A- (Excellent) from AM Best, S&P, and Fitch, and A3 from Moody's [5].