American Equity Declares 4th Quarter 2021 Preferred Stock Dividends

Rhea-AI Summary

American Equity Investment Life Holding Company (NYSE: AEL) has declared cash dividends for its Fixed-Rate Reset Non-Cumulative Preferred Stocks. The Series A Preferred Stock will pay $371.875 per share, equivalent to $0.371875 per Series A Depositary Share, while the Series B Preferred Stock will pay $414.0625 per share, equivalent to $0.4140625 per Series B Depositary Share. Both dividends are payable on December 1, 2021, to shareholders of record as of November 15, 2021.

Positive

• Dividends declared of $371.875 per Series A and $414.0625 per Series B, signaling strong returns for shareholders.

Negative

• None.

WEST DES MOINES, Iowa--(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 1/1,000^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 December 1, 2021 to Series A Preferred Stock shareholders of record as of November 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 December 1, 2021 to Series B Preferred Stock shareholders of record as of November 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211029005522/en/

Steven Schwartz | Head of Investor Relations

American Equity Investment Life Holding Company®

515-273-3763 | sschwartz@american-equity.com

Source: American Equity Investment Life Holding Company

FAQ

What is the dividend amount for American Equity's Series A Preferred Stock?

The dividend for Series A Preferred Stock is $371.875 per share, or $0.371875 per Depositary Share.

When is the dividend for Series A Preferred Stock payable?

The dividend will be payable on December 1, 2021.

What is the dividend amount for American Equity's Series B Preferred Stock?

The dividend for Series B Preferred Stock is $414.0625 per share, or $0.4140625 per Depositary Share.

When is the dividend for Series B Preferred Stock payable?

The dividend will be payable on December 1, 2021.

What are the record dates for the dividends?

The record date for both Series A and Series B Preferred Stocks is November 15, 2021.