📄 Extracted Text (962 words)
From: jeffrey E. <[email protected]>
Sent: Wednesday, June 14, 2017 2:28 PM
To: Paul Barrett
Cc: Richard Kahn
Subject: Re: New Issue $25 Par. Validus Holdings, Ltd. (VR) Perpetual Preferred Stock; 5.875%
Area; Fixed-for-Life
do it
On Wed, Jun 14, 2017 at 9:38 AM, Paul Barrett wrote:
Can you get a bid. Want to sell now.
Sent from my iPhone
On Jun 1=, 2017, at 1:18 PM, Richard Kahn
wrote:
Richard Kahn
HBRK Associates=Inc.
575 Lexington Avenue, 4th Floor=/div>
New York, NY 10022
Phone
Fax
Cell
Begin forwarded message:
From: "Atlas, Andrew S"
Date: June 12, 2017 at 11:37:31=AM EDT
To: Richard Kahn
Subject:=RE: New Issue 525 Par: Validus Holdings, Ltd. (VR) Perpetual Preferred =took; 5.875% Area;
Fixed-for-Life
Hey Ric=,
EFTA_R1_01886988
EFTA02648222
=C240
Souther= Trust Co, bot 40k shares of Validas Holdings Preferred. Will circle=back as soon as I have final
pricing.
=C2*
Also ke=ping Evan abreast of all Southern Trust activity.
=C2*
Thanks =gain,
Andrew<=>
=C2*
Andrew S. Atlas=u>
First Vice President
Equity Sales/Middle =arkets Group
Financial Advisor<=>
Morgan Stanley Wealth Management
1290 Avenue of the America=, 12th Floor I New York, NY 10104
Tel/Direct: I Fax:
NMLS ID # 1326736=/u>
=C2*
From: Richard =ahn
Sent: Monday, June 12, 2017 11:27 AM
To: Atlas, Andrew S (Wealth Mgmt MS)
Subject: Re: New Issue $25 Par: Validus Holdings, Ltd. (VR) Perpetua= Preferred Stock; 5.875% Area;
Fixed-for-Life
Please put in for 1mm= Thank you.
Richard Kahn
HBRK Associates Inc.
2
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EFTA02648223
575 Lexington Avenue, 4th Floor
New York, NY 10022
Phone
Fax
Ce
On Jun 12, 2017, at 11:25 AM, Atlas, Andrew S
wrote:
525 Par=New Issue Syndicate Offering:
Validus=Holdings, Ltd. (VR)
=C240, 40=A0
<=span>
Issuer:=C2* 40=A0 Validus Holdings, Ltd. (Ticker: VR)
=C24› 4>=A0
Securit=es Offered: 40=A0 Depositary Shares Each Repres=nting a 1/1,000th Interest in
a Share of % Non-Cumulative Preference Share=, Series B
=C24k 4>=A0
Size:=C24, 4>=A0 $150mm (6mm $25 per depositary share)
=C24), 40=M)
Expecte= Ratings: 4>=A0 Baa3 (5)/ BBB—=(5) / BBB (5)
Format:=C240 410=A0 SEC Registe=ed
Maturit=: =C2I, Perpetual<=u>
=C240 4>=A0
Price G=idance: 5.875%=Area; Fixed-for-Life
=C24, 40=A0
Offer P=ice: Q=A0 $25.00 per depositary share=u>
=C24, 40=A0
3
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Distrib=tions: =C240 Payable when, as and if declared on the 15th of March, June,
S=ptember and December beginning on 9/15/17, Fixed for life=/u>
=C24). 4P=A0
Redempt=on: 4>=A0 Callable at $25.00 per Depositary Share on or after 0=/20/2022 or at
any time prior upon:
-a Tax =vent or Capital Disqualification Event
=C24e-or under certain circumstances at $26.00 per Depositary
=C24, Share, see Red for details.
=C24> 4r=A0
=C24, =C2*
=C24> Q=A0
=C24k 40=A0
Use of =roceeds: =C24> General Corpor=te Purposes
=C24> 40=A0
QDI Eli=ible: 40=A0 Yes, see Red for Tax and Withholding details
ORD Eli=ible: 40=A0 No
Subject=to US Tax Withholding for NRA Clients: =C24) .0=M) See Red for Tax and
Withholding details*
=C24> 40=A0
Expecte= Listing: 40=A0 NYSE
Timing:=C24> 4r=A0 Today4r=99s Business
aspan>
Andrew S. Atlas=/b>
First Vice Presidentqa.pan>
Equity Sales/Middle =arkets Group
Financial Advisor<=>
Morgan Stanley Wealth Management4=pan>
4
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EFTA02648225
1290 Avenue of the America=, 12th Floor I New York, NY 10104</=>
Tel/Direct: I Fax:
NMLS ID # 1326736
c=span>
From: Richard =ahn
Sent: Monday, June 12, 2017 11:22 AM
To: Atlas, Andrew S (Wealth Mgmt MS)
Subject: Validus preferred
Is this MS deal. If s= please send me info. Thanks.
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue, 4th Floor
New York, NY 10022
Phone
Fax
Cell
c=p>
NOTICE: Morgan Stanley is not acting as a municipal ad=isor and the opinions or views
contained herein are not intended to be, an= do not constitute, advice within the meaning of Section 975 of the Dodd-
Frank Wall Street Reform and Consumer Protection Act. If y=u have received this communication in error, please destroy
all electronic=and paper copies and notify the sender immediately. Mistransmission is not=intended to waive
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you consent to the foregoing and to the voice recording of conversations with personnel of Mo=gan Stanley.
<Validus 2017.06.12 - Preliminary Prospectus Supp=ement r58.pdf>
5
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NOTICE:=20 Morgan Stanley is not acting as a municipal advisor and the opinions or vie=s contained
herein are not intended to be, and do not constitute, advice with=n the meaning of Section 975 of the Dodd-Frank Wall
Street Reform and Consume= Protection Act. If you have received this communication in error, please de=troy all
electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality
or privilege. Morg=n Stanley reserves the right, to the extent permitted under applicable law, t= monitor electronic
communications. This message is subject to terms availab=e at the following link:
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links, please notify us by reply message and we will send the=20 contents to you. By communicating with Morgan
Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Mor=an Stanley.
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--94eb2c116180ccf2950551ec5a76-- conversation-id 41274 date-last-viewed 0 date-received 1497450461 flags
8590195713 gmail-label-ids 7 remote-id 721324
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EFTA02648222
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