CNO Financial Group, Inc 5.125% Subordinated Debentures Due 11/25/2060 (CNO-A)
NYSE · · CUSIP 12621E301
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Security Details

Coupon Rate
5.13%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
11/25/2025
Maturity Date
11/25/2060
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.28125
Distribution Dates
2/25, 5/25, 8/25 & 11/25
Credit Ratings
Moody's Ba1 · S&P BB (5/26/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
12621E301
Market Cap
Small Cap · $150 Million
IPO
11/18/2020 · $25/share
Parent Company
CNO Financial Group, Inc. (CNO)
Business: CNO Financial Group, Inc 5.125% Subordinated Debentures Due 2060 issued in $25 denominations, redeemable at the issuer's option on or after 11/25/2025 at $25 per note plus accrued and unpaid interest, and maturing 11/25/2060. <p> Interest distributions of 5.125% per annum ($1.28125 per annum or $0.3203125 per quarter) will be paid quarterly on 2/25, 5/25, 8/25 & 11/25 to holders of record on the record date that will be 2/15, 5/15, 8/15 & 11/15 (NOTE: the ex-dividend date is one business day prior to the record date). 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> This security is possibly subject to an early call before 11/25/2025 at $25.00 (100%) of their principal amount plus accrued and unpaid interest within 90 days of a tax event; before 11/25/2025 at $25.50 (102%) of their principal amount plus accrued and unpaid interest within 90 days of the occurrence of a rating agency event (see prospectus for further information). The issuer may elect to defer the interest payable on the Notes on one or more occasions for up to 60 consecutive months (see prospectus for further information). <p> This security was rated as Ba1 by Moody’s and 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. The Debentures are unsecured, subordinated obligations of the company and will rank junior to the company's senior debt, equally with all existing and future unsecured, subordinated 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.

Company Contact

CEO
Gary C. Bhojwani
CFO
Paul H. McDonough
Headquarters
11825 North Pennsylvania Street, Carmel, IN 46032
Phone
317-817-6100 · Toll-Free 800-426-6732
Investor Relations
Jennifer Childe · 317-817-2893 · Jennifer.Childe@cnoinc.com
General Email
ir@CNOinc.com
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