Welcome to our dedicated page for Athene Hldg news (Ticker: ATH), a resource for investors and traders seeking the latest updates and insights on Athene Hldg stock.
Athene Holding Ltd. provides retirement income and savings products and serves corporate clients as a retirement solutions company and subsidiary of Apollo Global Management. News about Athene commonly covers annuity product development, including registered index-linked annuities, fixed indexed annuities, custom index relationships, and efforts to simplify retirement income product selection.
Recurring updates also include preferred stock dividend declarations on the company’s non-cumulative preferred shares, fixed income investor calls, business trend and capital updates, annuity sales rankings, investment portfolio commentary, and retirement outlook research tied to demand for guaranteed or pension-like income. Athene’s operating footprint includes the United States, Bermuda, Canada, and Japan.
Athene Holding has announced the pricing of $600 million in 6.625% fixed-rate reset junior subordinated debentures due 2054. The offering is expected to close on October 10, 2024, subject to customary conditions. Athene plans to use the net proceeds for general corporate purposes, which may include the future redemption or repurchase of its $600 million 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Series C Preferred Stock.
The debentures are being offered through a shelf registration statement filed with the SEC. Wells Fargo Securities, BofA Securities, Goldman Sachs & Co. , and Morgan Stanley are acting as joint book-running managers, with several other firms serving as co-managers for the offering.
Athene Holding has declared preferred stock dividends for the third quarter of 2024, payable on September 30, 2024, to holders of record as of September 15, 2024. The dividends are for five series of non-cumulative preferred stock:
- Series A: $396.875 per share (6.35% Fixed-to-Floating Rate)
- Series B: $351.5625 per share (5.625% Fixed-Rate)
- Series C: $398.4375 per share (6.375% Fixed-Rate Reset)
- Series D: $304.6875 per share (4.875% Fixed-Rate)
- Series E: $484.375 per share (7.750% Fixed-Rate Reset)
Depositary shares for each series are listed on the NYSE under ticker symbols ATHPrA, ATHPrB, ATHPrC, ATHPrD, and ATHPrE respectively.
Athene Holding , a leading retirement services company and subsidiary of Apollo Global Management, announced a Fixed Income Investor conference call on August 8, 2024, at 10:00 AM ET. The call will feature senior management discussing current business trends, new business origination, investment portfolio, and capital.
Athene will provide an accompanying presentation and live webcast, which will be accessible via the Investor Relations section of their website at ir.athene.com. A webcast replay will also be available. Dial-in for the call is toll-free at 877-404-1236 (domestic) or +1 215-268-9888 (international).
John Hedlund, a mortgage industry veteran and operations leader, has joined FundingShield's advisory board. He brings extensive experience from AmeriHome Mortgage and Adanac Advisory Group, contributing to FundingShield's growth in areas like cyber security and fraud prevention. With a strong background in financial services and leadership roles at top institutions, John's addition to the board is expected to drive innovation and revenue growth for FundingShield.
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