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Markel Group announces redemption of Series A Preferred Shares

1. Markel Group will redeem Series A Preferred Shares on June 1, 2025. 2. Redemption price set at $1,000 per share, totaling $600 million. 3. Semi-annual dividend of $30 paid on June 2, 2025, after redemption. 4. Redemption notice will be provided to Series A shareholders soon. 5. Markel has diverse income streams and remains focused on long-term goals.

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Why Bullish?

The planned redemption of preferred shares indicates financial strength and stability. Similar past actions often lead to positive stock performance as companies focus on equity structure.

How important is it?

The article directly discusses MKL's future actions with preferred shares, impacting shareholder value. The financial health implied by the redemption further supports potential stock appreciation.

Why Long Term?

The redemption enhances capital structure, likely benefiting MKL's long-term stability and growth. Past examples show companies often see lasting positive effects from strategic debt management.

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BRK.AAIGPLMR
, /PRNewswire/ -- Markel Group Inc. (NYSE: MKL) will redeem for cash all of its outstanding Series A 6.000% Fixed-Rate Reset Non-Cumulative Preferred Shares, no par value (the Series A Preferred Shares), effective June 1, 2025 (the Redemption Date) at a price of $1,000 per share, which is equal to the per-share liquidation preference of the Series A Preferred Shares. Since the Redemption Date is not a business day, the redemption will be processed on June 2, 2025. There are currently 600,000 Series A Preferred Shares outstanding with an aggregate liquidation preference of $600.0 million. A regular, semi-annual dividend on the Series A Preferred Shares of $30.00 per share with a dividend payment date of June 1, 2025 will be paid separately, without adjustment, on the next succeeding business day, June 2, 2025, to holders of record as of the close of business on May 17, 2025. Accordingly, the redemption price for the Series A Preferred Shares does not include any accrued and unpaid dividends. The transfer agent and redemption agent for the Series A Preferred Shares is: Equiniti Trust Company, LLCAttn: Reorganization Department55 Challenger Road, Suite 200Ridgefield Park, New Jersey 07660Phone: 718-921-8317 This press release does not constitute a notice of redemption. Markel Group will issue a notice of redemption to holders of the Series A Preferred Shares in accordance with the terms of the Series A Preferred Shares. About Markel Group Markel Group Inc. (NYSE: MKL) is a diverse family of companies that includes everything from insurance to bakery equipment, building supplies, houseplants, and more. The leadership teams of these businesses operate with a high degree of independence, while at the same time living the values that we call the Markel Style. Our specialty insurance business sits at the core of our company. Through decades of sound underwriting, the insurance team has provided the capital base from which we built a system of businesses and investments that collectively increase Markel Group's durability and adaptability. It's a system that provides diverse income streams, access to a wide range of investment opportunities, and the ability to efficiently move capital to the best ideas across the company. Most importantly though, this system enables each of our businesses to advance our shared goal of helping our customers, associates, and shareholders win over the long term. Visit mklgroup.com to learn more. Forward-Looking Statements This release contains certain forward-looking statements that are subject to a variety of factors that could cause actual events or results to materially differ from those included in these statements. These factors include the timely availability of funds for the redemption and dividend payment, as well as the factors identified in Markel Group's most recent Form 10-K and Form 10-Q filed with the U.S. Securities and Exchange Commission. Markel Group refers readers to those discussions for further information. Any forward-looking statement speaks only as of the date on which it is made, and Markel Group undertakes no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made. SOURCE Markel Group WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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