Lincoln National to issue $512.5M in preferred stock: 9.25% Series C and 9% Series D

LINCOLN NATIONAL CORP

Series C: 500,000 depositary shares, 9.25% fixed rate reset non-cumulative, $25 liquidation preference per depositary share.
Series D: 20,000,000 depositary shares, 9.00% non-cumulative, $25 liquidation preference per depositary share.
Total aggregate liquidation preference from both offerings approximately $512.5 million.
Underwriters include BofA Securities, Goldman Sachs, J.P. Morgan, Morgan Stanley, Wells Fargo; expected close Nov 22, 2022.
Each offering is independent; closings not conditioned on each other.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.