other material
confidence high
sentiment neutral
materiality 0.50
American National completes redemption of Series B preferred stock, funded with $500M notes
American National Group Inc.
- Redeemed all 12,000 Series B preferred shares and 12M depositary shares at $25 per depositary share plus unpaid dividends.
- Redemption funded with proceeds from $500M 7.000% Fixed-Rate Reset Junior Subordinated Notes due 2055.
- Trading of depositary shares suspended on NYSE; delisting and deregistration initiated via Form 25 and Form 15.
- No Series B preferred stock or depositary shares remain outstanding after redemption date October 6, 2025.