American Equity Declares 3rd Quarter 2021 Preferred Stock Dividends

Rhea-AI Summary

American Equity Investment Life Holding Company (NYSE: AEL) has declared cash dividends for its Series A and Series B Preferred Stocks. The Series A Preferred Stock will pay a dividend of $371.8750000 per share ($0.371875000 per depositary share), and the Series B Preferred Stock will pay $414.0625000 per share ($0.414062500 per depositary share). Both dividends are payable on September 1, 2021, to shareholders of record as of August 15, 2021, reflecting the company's commitment to providing income to its preferred shareholders.

Positive

• Declared cash dividends of $371.8750000 for Series A and $414.0625000 for Series B preferred stocks, demonstrating strong financial performance.
• Dividends reflect the company's commitment to returning value to shareholders.

Negative

• None.

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 1/1,000^th 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 September 1, 2021 to Series A Preferred Stock shareholders of record as of August 15, 2021. 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 1/1,000^th 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 September 1, 2021 to Series B Preferred Stock shareholders of record as of August 15, 2021. 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

American Equity Investment Life Holding Company, through its wholly-owned subsidiaries, is a leading issuer of fixed index annuities through independent agents, banks and broker-dealers. American Equity Investment Life Holding Company, a New York Stock Exchange listed company (NYSE: AEL), is headquartered in West Des Moines, Iowa. For more information, please visit www.american-equity.com.

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FAQ

What is the dividend amount for American Equity's Series A preferred stock?

The dividend amount for American Equity's Series A preferred stock is $371.8750000 per share.

When will the dividends be paid for American Equity's preferred stocks?

The dividends for both Series A and Series B preferred stocks will be paid on September 1, 2021.

What is the record date for the American Equity preferred stock dividends?

The record date for the preferred stock dividends is August 15, 2021.

What are the ticker symbols for American Equity's preferred stocks?

The ticker symbol for Series A Preferred Stock is AELPRA and for Series B Preferred Stock is AELPRB.