American Equity Declares 4th Quarter 2023 Preferred Stock Dividend
November 01 2023 - 4:15PM
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 December 1, 2023
to Series A Preferred Stock shareholders of record as of November
15, 2023. 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 December 1, 2023 to Series
B Preferred Stock shareholders of record as of November 15, 2023.
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, our
policyholders work with over 40,000 independent agents and advisors
affiliated with independent marketing organizations (IMOs), banks
and broker-dealers through our wholly-owned operating subsidiaries.
Advisors and agents choose one of our leading annuity products best
suited for their client’s 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 while
partnering with world renowned, public fixed income asset managers.
American Equity is headquartered in West Des Moines, Iowa with
additional offices in Charlotte, NC, New York, NY, and Miami, FL.
For more information, please visit www.american-equity.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231101709868/en/
Steven Schwartz | Head of Investor Relations American Equity
Investment Life Holding Company® 515-273-3763 |
sschwartz@american-equity.com
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