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Security Details
- Coupon Rate
- 9.88%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 2/15/2027
- Maturity Date
- 11/15/2028
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 2.46875
- Distribution Dates
- 2/15, 5/15, 8/15 & 11/15
- Credit Ratings
- Moody's NR · S&P NF (4/30/2024)
- Tax-Advantaged Dividends
- No
Security Profile
- CUSIP
- 00258Y203
- IPO
- 12/8/2023 · $25.00/share
- Previous Symbol
- ABLLL (changed 12/30/2025)
- Parent Company
- Abacus Life, Inc. (ABX)
Business: Abacus Life, Inc., redeemable at the issuer's option on or after 02/15/2027 at $25 per note plus accrued and unpaid interest, and maturing 11/15/2028. <p> Interest distributions of 9.875% per annum ($2.46875 per annum or $0.6171875 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 (NOTE: the ex-dividend date is one business day prior to the record date)
<p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: The 9.875% Senior Notes were issued on 12/6/2023 and are expected to begin trading on the Nasdaq Capital Market within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.
Company Contact
- CEO
- Jay Jackson
- CFO
- Bill McCauley
- Headquarters
- 2101 Park Center Drive, Suite 170, Orlando, FL 32835
- Phone
- 561-826-3620 · Toll-Free 800-561-4148
- Fax
- 407-455-7765
- Investor Relations
- info@abacuslife.com