---
schema_version: "secwatch.filing_event.v1"
accession: "0001934850-24-000005"
form_type: "8-K"
ticker: "FG"
cik: "0001934850"
company_name: "F&G Annuities & Life, Inc."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:30:49.889881+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# F&G issues $250M 6.875% mandatory convertible preferred to parent FNF for growth capital

## Summary
- Issued 5M shares of 6.875% Series A Mandatory Convertible Preferred Stock to FNF for $250M cash.
- Mandatory conversion on Jan 15, 2027 into 0.9456 to 1.1111 shares of common per preferred share.
- Dividends cumulative at 6.875% on $50 liquidation preference, payable quarterly starting April 15, 2024.
- Transaction approved by Special Committee of independent directors with Barclays as financial advisor.
- Proceeds will support growth of insurance subsidiaries.

## SEC filing metadata
- accession: 0001934850-24-000005
- form_type: 8-K
- ticker: FG
- cik: 0001934850
- company_name: F&G Annuities & Life, Inc.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 5.03, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934850/000193485024000005/0001934850-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934850/000193485024000005/fg-20240112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001934850-24-000005
- JSON: https://secwatch.observer/filing/0001934850-24-000005.json
- Plain text: https://secwatch.observer/filing/0001934850-24-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.