other material
confidence high
sentiment neutral
materiality 0.80
American National Group completes redemption of all Series A Preferred Stock and depositary shares
American National Group Inc.
- Company redeemed all 16,000 shares of Series A Preferred Stock and 16,000,000 corresponding depositary shares at $25 per depositary share.
- Redemption funded by net proceeds from sale of 12,000,000 Series D depositary shares and cash on hand.
- NYSE suspended trading of depositary shares; Company to file Form 15 to deregister the shares.
- All rights of Series A Preferred Stock and depositary shares have ceased except for receiving redemption price.