Business: American National Group Inc. formelry American Equity Investment Life Holding Co. Depositary Share, Each Representing a 1/1,000th Interest in a Share of 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/01/2024 at $25 per share plus declared and unpaid dividends, and with no stated maturity. <p> Non-cumulative distributions of 5.950% per annum ($1.4875 per annum or $0.371875 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the 15th calendar day before that dividend payment date or such date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). From 12/01/2024 and each subsequent Reset date falling on the fifth anniversary of the preceding reset date, The distribution rate will reset at a rate per annum equal to the Five-year U.S. Treasury Rate as of the most recent reset dividend determination date plus 4.322%. The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-38 of the prospectus for further information). <p> The issuer may redeem the Series A Preferred Stock before 12/01/2024 at $25 plus declared and unpaid dividends, within 90 days after the occurrence of a regulatory capital event,; before 12/01/2024 at 25.50 plus declared and unpaid dividends upon a rating agency event (see prospectus for more details).<p> This security was Not rated by Moody’s and rated BB by S&P at the date of its IPO. This security was rated as BB by Fitch Ratings Co. at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.