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PartnerRe to redeem preferred shares

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PartnerRe to redeem preferred shares

PartnerReLtd. will redeem all of its outstanding 6.50% series D cumulativepreferred shares and 7.25% series E cumulative preferred shares Nov. 1.

The redemption price is $25 per share, plus accrued andunpaid dividends.

Additionally, PartnerRe Finance A LLC has called for theredemption of all $250 million of its outstanding 6.875% senior notes due 2018.The redemption date will be Nov. 1.

The redemption price for the notes will be equal to thegreater of 100% of the principal amount of the notes to be redeemed or the sumof the present values of the remaining scheduled payments on the notes,exclusive of interest accrued to the date of redemption, discounted to theredemption date using a defined Treasury rate plus 50 basis points. The pricewill be determined as of Nov. 1. Accrued and unpaid interest on the notes willbe paid to the redemption date.