Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

14 thoughts on “Headlines of Interest”

  1. Symbol I believe will be FGN. This was a weird one. Doesn’t settle till 12/6?…..And I saw they have a couple of $1,000 corporates out there. One looked interesting.

    btw fixed annuity companies common stocks, in general, have been on a real upswing……and FG has a bigger market cap than LNV or JXN!!

  2. Their earnings don’t even cover the dividend on the common. Not sure where they think they’re going to find the $ to fund a pref.

    1. F&G Annuities & Life Prices Senior Unsecured Notes Offering
      Nov. 29, 2023 5:48 PM ETF&G Annuities & Life, Inc. (FG)By: Vansh Agarwal, SA News Editor

      F&G Annuities & Life (NYSE:FG) said on Wednesday it had priced a public offering of $345M aggregate principal amount of its 7.95% senior notes due 2053.
      FG expects the offering to close on December 6, 2023.

      Seeking alpha has details

      1. If you prefer, not sure if they will be around in 2053 but I doubt I will be interested in keeping it to maturity. Still will do dd see if it’s worth getting a small holding

            1. Grid do you know what symbol it’s going to be trading under and when? Said they expect to close Dec 6th?

              1. No, not yet, Charles. Being its debt they dont typically trade with a temp ticker either and will likely just open up on exchange trading. Or whats left of it anyways.

Leave a Reply

Your email address will not be published. Required fields are marked *