Insurance/Annuity company American National Group (owned by Brookfield Reinsurance) has announced they will be offering a $25/share preferred stock offering.
ANG is the parent of American Equity Life and many other insurance companies across the U.S.
The issue will trade under the permanent ticker ANG-D when it finally hits the NYSE.
The preliminary prospectus can be found here.
Thanks to J for his diligence is picking up on this one.
Users who liked this:
They are a bigger mcreit. And have an ok reputation. But I thought it would have to be over 8%.
This is decent news for the existing pfd in that it is unlikely that they will delist since the new issue will.be listed and therefore must also satisfy the NYSE disclosure requirements.