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Standard Management Corporation Public Sale
SGR represented Standard Management Corporation in the public sale of $20.7 million of its (SMAN Capital Trust I) trust preferred securities. Underwriters for the deal were Advest Securities and Ferris Baker & Watts.
Standard Management Corporation, headquartered in Indianapolis, is a life insurance holding company that focuses on the worldwide distribution of tax-advantaged accumulation products and participates in the consolidation of the life and annuity sector of the industry.