Business: Avantor, Inc., 6.25% Series A Mandatory Convertible Preferred Stock liquidation preference $50 per share. The preferred shares are mandatorily convertible on 5/15/2022 into a variable number of Avantor, Inc. (NYSE: AVTR) common shares based on the then current price of the common shares for 20 consecutive trading days immediately prior to the conversion date. The conversion settlement rate will be 3.0395 shares per unit if the then current market price is equal to or greater than $16.45 and 3.5714 shares per unit if the market price is less than $14.00 For market prices between those values the settlement rate will be $50 divided by the market value. The preferred shares are convertible any time at the holder’s option into 3.0395 shares of common stock. Distributions of 6.25% per annum ($3.125 per annum or $0.78125 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 2/1, 5/1, 8/1 & 11/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). If a Fundamental Change occurs on or prior to 5/15/2022 holders of shares may be able to convert into common stock at the fundamental change conversion rate plus a fundamental change dividend make-whole amount (see prospectus for further information). Dividends paid by this preferred are eligible for a preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under normal holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page 231 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time 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, except for ranking senior to the existing Junior Convertible Preferred Stock, 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.