AIG Board of Directors Declares Common Stock Dividend and Series A Preferred Stock Dividend
May 04 2020 - 4:16PM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that its Board of Directors declared a quarterly cash dividend of
$0.32 per share on AIG Common Stock, par value $2.50 per share. The
dividend is payable on June 29, 2020 to stockholders of record at
the close of business on June 15, 2020.
The Board also declared a quarterly cash dividend of $365.625
per share on AIG Series A 5.85% Non-Cumulative Perpetual Preferred
Stock, with a liquidation preference of $25,000 per share, which
are represented by depositary shares (NYSE: AIG PRA), each
representing a 1/1,000th interest in a share of preferred stock.
Holders of depositary shares will receive $0.365625 per depositary
share. The dividend is payable on June 15, 2020 to holders of
record at the close of business on May 29, 2020.
The common stock dividend will result in an adjustment to the
exercise price of the outstanding Warrants (CUSIP number 026874156)
and an adjustment to the number of shares of AIG Common Stock
receivable upon Warrant exercise. The exact adjustments, determined
by a formula set forth in the Warrant Agreement, will become
calculable on or around June 11, 2020. Once the adjustments are
determined, AIG will announce the actual adjustment to the Warrant
exercise price and shares receivable. Further information on the
Warrants and the adjustments is available in the Investors section
of AIG’s website.
Certain statements in this press release constitute
forward-looking statements. These statements are not historical
facts but instead represent only AIG’s belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside AIG’s control. It is possible that actual results will
differ, possibly materially, from the anticipated results indicated
in these statements. Factors that could cause actual results to
differ, possibly materially, from those in the forward-looking
statements are discussed throughout AIG’s periodic filings with the
SEC pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global
insurance organization. AIG member companies provide a wide range
of property casualty insurance, life insurance, retirement
solutions, and other financial services to customers in more than
80 countries and jurisdictions. These diverse offerings include
products and services that help businesses and individuals protect
their assets, manage risks and provide for retirement security. AIG
common stock is listed on the New York Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries and jurisdictions, and coverage is subject to
underwriting requirements and actual policy language. Non-insurance
products and services may be provided by independent third parties.
Certain property-casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20200504005177/en/
Sabra Purtill (Investors): sabra.purtill@aig.com Shelley Singh
(Investors): shelley.singh@aig.com Daniel O’Donnell (Media):
daniel.odonnell@aig.com Claire Talcott (Media):
claire.talcott@aig.com
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