Jackson Financial issues 22M depositary shares of Series A Perpetual Preferred Stock

Jackson Financial Inc.

Issued 22M depositary shares, each representing 1/1,000th of a share of Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A.
Liquidation preference of $25,000 per share of Series A Preferred ($25 per depositary share); 5-year call/dividend reset period.
Noncumulative dividends; restrictions on common dividends/repurchases if Series A dividends are not declared and paid.
Certificate of Designations filed with Delaware Secretary of State; Deposit Agreement with Equiniti Trust Company as depositary.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Jackson Financial Inc.: Filed Certificate of Designations for Series A Preferred Stock, amending the Third Amended and Restated Certificate of Incorporation (effective 2023-03-10).

Change: charter amendment
Effective: 2023-03-10

Exact text from the filing

Item 5.03 Amendments to Articles of Incorporation or Bylaws The Certificate of Designations became effective upon filing with the Secretary of State of the State of Delaware on March 10, 2023, and it amends the Company’s Third Amended and Restated Certificate of Incorporation.

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Jackson Financial Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-031764

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