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American Equity Investment Life Holding Company 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B

The coupon will be fixed until 9 /1/2025 at 6.625% after which point the rate will be reset at the 5 year treasury plus a spread of 6.297% and there after reset every 5 years

Ticker: AEL-B

Parent Ticker: AEL

OTC Grey Market Temporary Ticker: AEIHL

Issuance Date: 06/10/2020

1st Call Date: 09/01/2025

Maturity Date: None

Shares Issued: 12,000,000

Overallotment Shares: 0

Coupon: 6.625%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.414

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 1

S&P Rating: BB

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: BB

Egan-Jones Rating: NR

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