Business: Athene Holding Ltd., 6.35% Depositary Shares Each Representing a 1/1,000th Interest in a Share of Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, Series A, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 6/30/2029 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. <p> Non-Cumulative distributions of 6.35% per annum ($1.5875 per annum or $0.396875 per quarter) will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date that will be the 15th calendar day prior to the payment date or such other record date fixed by the board, not more than 60 days or less 10 than days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). From and including 6/30/2029, dividends will be paid at a floating rate of the Three-Month LIBOR plus 4.253% per annum. 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 these preference shares 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) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders. This company may lose its preferential tax rate if it is classified as a Passive Foreign Investment Company in this or a future tax year (see page S-82 of the prospectus for further information). <p> Within 90 days following the occurrence of a capital disqualification event or the occurrence of a rating agency event, Depositary Shares will be redeemable at the Issuer’s option, in whole or from time to time in part, at a redemption price equal to $25.00 plus any declared and unpaid dividends.<p> This security was rated as BBB- by Fitch and BBB- by S&P 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.