American Equity Declares 1st Quarter 2022 Preferred Stock Dividends
February 01 2022 - 5:42PM
Business Wire
American Equity Investment Life Holding Company (NYSE: AEL),
today announced that in accordance with the terms of its 5.95%
Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A (the
“Series A Preferred Stock”), which is represented by depositary
shares, each representing a 1/1,000th interest in a share of Series
A Preferred Stock (the “Series A Depositary Shares”), the Board of
Directors has declared a cash dividend of $371.8750000 per share of
Series A Preferred Stock (equivalent to $0.371875000 per Series A
Depositary Share). The dividend will be payable on March 1, 2022 to
Series A Preferred Stock shareholders of record as of February 15,
2022. Depositary receipts for the Series A Preferred Stock are
listed on the New York Stock Exchange (“NYSE”) under the ticker
symbol “AELPRA”.
Additionally, American Equity Investment Life Holding Company
today announced that in accordance with the terms of its 6.625%
Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B (the
“Series B Preferred Stock”), which is represented by depositary
shares, each representing a 1/1,000th interest in a share of Series
B Preferred Stock (the “Series B Depositary Shares”), the Board of
Directors has declared a cash dividend of $414.0625000 per share of
Series B Preferred Stock (equivalent to $0.414062500 per Depositary
Share). The dividend will be payable on March 1, 2022 to Series B
Preferred Stock shareholders of record as of February 15, 2022.
Depositary receipts for the Series B Preferred Stock are listed on
the New York Stock Exchange (“NYSE”) under the ticker symbol
“AELPRB”.
ABOUT AMERICAN EQUITY
At American Equity Investment Life Holding Company (NYSE: AEL),
we think of ourselves as The Financial Dignity Company. Our
policyholders work with independent agents, banks and
broker-dealers through our wholly-owned operating subsidiaries, to
choose one of our leading annuity products best suited for their
personal needs to create financial dignity in retirement. To
deliver on its promises to policyholders, American Equity has
re-framed its investments focus – building a stronger emphasis on
insurance liability driven asset allocation and specializing in
alternate, private asset management. American Equity is
headquartered in West Des Moines, Iowa with satellite offices
slated to open in 2022 in Charlotte, NC and New York, NY. For more
information, please visit www.american-equity.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220201006205/en/
Steven Schwartz | Head of Investor Relations American Equity
Investment Life Holding Company® 515-273-3763 |
sschwartz@american-equity.com
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