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Voya Financial announces adjustment to exercise price of warrants issued pursuant to the warrant agreement, dated May 7, 2013

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On March 29, 2021, Voya Financial (NYSE: VOYA) paid a quarterly dividend of $0.165 per share, which led to adjustments in the exercise price of its Warrants. The price decreased from $47.97 to $47.84, and the number of shares for each Warrant increased to approximately 1.0027 shares. These adjustments are effective immediately. Voya Financial, a Fortune 500 company with $7.6 billion in revenue for 2020, serves about 14.8 million customers and focuses on providing retirement and investment solutions.

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On March 29, 2021, Voya Financial, Inc. (NYSE:VOYA) paid a quarterly dividend of $0.165 per share on its common stock, par value $0.01 per share (“Common Stock”). As a consequence, the exercise price of the Warrants to purchase shares of Common Stock (the “Warrants”), issued pursuant to the Warrant Agreement dated May 7, 2013 (the “Warrant Agreement”), has been adjusted, in accordance with Section 6.01 of the Warrant Agreement, from $47.97 to $47.84 per share of Common Stock for which a Warrant is exercisable. In accordance with Section 6.02 of the Warrant Agreement, the number of shares of Common Stock for which each Warrant is exercisable has been adjusted to 1.002715059. The foregoing adjustments are each effective as of March 29, 2021.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 14.8 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020. The company had $700 billion in total assets under management and administration as of Dec. 31, 2020. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World’s Most Ethical Companies® by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron’s 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

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FAQ

What was the recent dividend payment by Voya Financial (NYSE: VOYA)?

Voya Financial paid a quarterly dividend of $0.165 per share on March 29, 2021.

How did the dividend payment affect the Warrants for VOYA shares?

The exercise price of the Warrants was adjusted from $47.97 to $47.84 per share due to the dividend payment.

What is the adjusted exercise price for Voya Financial Warrants?

The adjusted exercise price for the Warrants is now $47.84 per share.

When do the adjustments to Voya Financial's Warrants take effect?

The adjustments to the Warrants became effective on March 29, 2021.

VOYA FINANCIAL, INC.

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