other material
confidence high
sentiment neutral
materiality 0.70
SEC declares effective F&G Form 10; spin-off of ~15% of shares to FNF holders on Dec 1
F&G Annuities & Life, Inc.
- FNF shareholders receive 68 F&G shares per 1,000 FNF shares held as of Nov 22 record date.
- When-issued trading in F&G (FG WI) begins Nov 21; regular-way trading (FG) starts Dec 1.
- FNF will retain ~85% ownership of F&G after the distribution.
- Distribution is taxable for U.S. federal income tax purposes.
- FNF shares trade ex-distribution (FNF WI) from Nov 21 through day before distribution.