Business: Affiliated Managers Group, 5.875% Junior Subordinated Notes due 2059, issued in $25 denominations, redeemable at the issuer's option on or after 3/30/2024 at $25 per note plus accrued and unpaid interest, and maturing 3/30/2059. <p> The Company may redeem the Junior Subordinated Notes in whole but not in part before 3/30/2024 at 100% of their principal amount plus accrued and unpaid interest for a Tax Agency Event; or in whole but not in part before 3/30/2024 at 102% of their principal amount plus accrued and unpaid interest for a Rating Agency Event. <p> Interest distributions of 5.875% per annum ($1.46875 per annum or $0.3671875 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 fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). <p> The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters without giving rise to an event of default (but not beyond the maturity 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> This security was rated as Baa1 by Moody’s and BBB by S&P at the date of its IPO. The Notes are unsecured, junior subordinated obligations of the company and will rank junior 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.