MetLife Announces Full Redemption of Series C Preferred Stock
May 17 2021 - 4:15PM
Business Wire
MetLife, Inc. (NYSE: MET) today announced that it will redeem
all outstanding shares of its 5.250% fixed-to-floating rate
non-cumulative preferred stock, Series C, with a liquidation
preference of $1,000 per share ("Series C Preferred Stock"), at a
redemption price of $1,000 per share. All outstanding shares of
Series C Preferred Stock will be redeemed on the dividend payment
date of June 15, 2021.
Regular quarterly dividends on the outstanding shares of the
Series C Preferred Stock of $9.60602666 per share will be paid
separately on June 15, 2021, to shareholders of record as of
Friday, May 28, 2021, due to the record date occurring on the
holiday on Monday, May 31, 2021, in the customary manner.
Accordingly, the redemption price for the Series C Preferred Stock
will not include any accrued and unpaid dividends. On and after the
redemption date, all dividends on the shares of Series C Preferred
Stock will cease to accrue.
The Series C Preferred Stock is held through The Depository
Trust Company ("DTC") and will be redeemed in accordance with the
procedures of DTC. Payment to DTC for the Series C Preferred Stock
will be made by Computershare Trust Company, N.A., as redemption
agent. The address for the redemption agent is as follows:
Computershare, Inc. 462 South Fourth Street Suite 1600
Louisville, KY 40202
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 markets globally and
holds leading positions in the United States, Japan, Latin America,
Asia, Europe and the Middle East. For more information, visit
www.metlife.com.
Forward-Looking Statements
The forward-looking statements in this news release, such as
“will,” are based on assumptions and expectations that involve
risks and uncertainties, including the “Risk Factors” MetLife, Inc.
describes in its U.S. Securities and Exchange Commission filings.
MetLife’s future results could differ, and it has no obligation to
correct or update any of these statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210517005802/en/
For Media: Meredith Hyland 212-578-9415
Meredith.Hyland@metlife.com For Investors: John Hall
212-578-7888 John.A.Hall@metlife.com
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