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Allstate ALL.PRB Yield Tops 7% as Preferred Security Trades Above Liquidation Preference

Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures (ALL. RB) traded above a 7% yield with a price premium of 2.76% over liquidation preference, outperforming the financial preferred stock average.

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The Allstate Corporation (ALL)