secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001193125-22-287810
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000119312522287810/0001193125-22-287810-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000119312522287810/d394597d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-287810

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