American Equity Declares 4th Quarter 2023 Preferred Stock Dividend

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American Equity Investment Life Holding Company (NYSE: AEL) has declared cash dividends for its Series A and Series B Preferred Stocks. The dividend for Series A Preferred Stock is $371.8750000 per share, payable on December 1, 2023. The dividend for Series B Preferred Stock is $414.0625000 per share, also payable on December 1, 2023.

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, 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 1/1,000^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, 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.

View source 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

Source: American Equity Investment Life Holding Company

FAQ

What is the ticker symbol for American Equity Investment Life Holding Company?

The ticker symbol for American Equity Investment Life Holding Company is AEL.

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

The dividend for American Equity's Series A Preferred Stock is $371.8750000 per share.

When will the dividend for Series A Preferred Stock be payable?

The dividend for Series A Preferred Stock will be payable on December 1, 2023.

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

The dividend for American Equity's Series B Preferred Stock is $414.0625000 per share.

When will the dividend for Series B Preferred Stock be payable?

The dividend for Series B Preferred Stock will be payable on December 1, 2023.