American Equity Declares 4th Quarter 2022 Preferred Stock Dividends

Rhea-AI Summary

American Equity Investment Life Holding Company (NYSE: AEL) announced cash dividends for its preferred stocks. For Series A Preferred Stock, a dividend of $371.8750000 per share will be paid on December 1, 2022, to shareholders recorded by November 15, 2022. For Series B Preferred Stock, the dividend is $414.0625000 per share, also payable on December 1, 2022, to shareholders recorded by November 15, 2022. These dividends reflect the company's ongoing commitment to providing returns to its investors.

Positive

• Dividends declared for Series A and Series B Preferred Stocks: $371.8750000 and $414.0625000 per share respectively.
• Dividends payable on December 1, 2022, indicating a commitment to shareholder returns.

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, 2022 to Series A Preferred Stock shareholders of record as of November 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 1/1,000^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, 2022 to Series B Preferred Stock shareholders of record as of November 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221031005649/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