AIG to Redeem its Series A Preferred Stock, Represented by Depositary Shares
31 Janeiro 2024 - 6:16PM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that it will redeem all outstanding shares of its Series A 5.85%
Non-Cumulative Perpetual Preferred Stock (CUSIP 026874 750 / ISIN
US0268747500) (the “Series A Preferred Stock”) and all the
corresponding Depositary Shares (CUSIP 026874 768 / ISIN
US0268747682) (the “Depositary Shares”), each representing a
1/1,000th interest in a share of Series A Preferred Stock, on March
15, 2024 (the “Redemption Date”). The redemption price per share of
Series A Preferred Stock will be $25,000 (equivalent to $25.00 per
Depositary Share) (the “Redemption Price”). The Redemption Price
does not include an amount equal to any dividends per share that
have been declared but not paid prior to the Redemption Date and
that will be payable on the Redemption Date to holders of record on
the record date for such dividend payment. As of January 31, 2024,
20,000 shares of Series A Preferred Stock and 20,000,000 Depositary
Shares were outstanding.
This press release does not constitute a notice of redemption of
the Series A Preferred Stock or the corresponding Depositary
Shares. Holders of the Depositary Shares should refer to the notice
of redemption delivered to the registered holders of the Depositary
Shares by Equiniti Trust Company, as Depositary, with respect to
the Depositary Shares.
Certain statements in this press release, including those
describing the completion of the redemption, constitute
forward-looking statements. These statements are not historical
facts but instead represent only AIG’s belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside AIG’s control. It is possible that actual results will
differ, possibly materially, from the anticipated results indicated
in these statements. Factors that could cause actual results to
differ, possibly materially, from those in the forward-looking
statements are discussed throughout AIG’s periodic filings with the
SEC pursuant to the Securities Exchange Act of 1934.
About AIG
American International Group, Inc. (AIG) is a leading global
insurance organization. AIG member companies provide insurance
solutions that help businesses and individuals in approximately 70
countries and jurisdictions protect their assets and manage risks.
For additional information, visit www.aig.com. AIG common stock is
listed on the New York Stock Exchange.
AIG is the marketing name for the worldwide operations of
American International Group, Inc. All products and services are
written or provided by subsidiaries or affiliates of American
International Group, Inc. Products or services may not be available
in all countries and jurisdictions, and coverage is subject to
underwriting requirements and actual policy language. Non-insurance
products and services may be provided by independent third parties.
Certain property casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20240131549682/en/
Quentin McMillan (Investors): quentin.mcmillan@aig.com Claire
Talcott (Media): claire.talcott@aig.com
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