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Athene Holding Ltd. 6.375% Dep Sh Rate Reset Non-Cumul Pref Shares Ser C
Ticker Symbol: ATH-C     CUSIP: 04686J309     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Athene Holding Ltd., 6.375% Depositary Shares Each Representing a 1/1,000th Interest in a Share of Fixed-Rate Reset Perpetual Non-Cumulative Preference Shares, Series C, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/30/2025 and every June 30 to September 30th in every fifth year thereafter at $25 per share plus declared and unpaid dividends, and with no stated maturity.

Non-cumulative distributions of the Annual Fixed Dividend Rate will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the 15th calendar day before that dividend payment date or another record 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). The Annual Fixed Dividend Rate will be 6.375% until the first redemption date, then it will be equal to the sum of the Five-year U.S. Treasury Rate on the applicable fixed rate calculation date plus 5.97%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details).

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.

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-46 of the prospectus for further information).

The issuer has the option to redeem all, but not less than all, of this security outside of the call period upon sending the sending of notice to the common shareholders of a proposal for an amalgamation or any proposal for another matter that requires an affirmative vote of the holders of the preferred shares at a redemption price of $26.00 (104%) per depository share (see the prospectus for further information). This security is possibly subject to a call outside the redemption period as a result of the occurrence of a regulatory capital treatment event which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information). The Company may redeem the Depositary Shares at $25 (100%) of their principal amount plus accrued and unpaid interest, if a regulatory capital event occurs; at $25.50 (102%) of their principal amount plus accrued and unpaid interest if a rating agency event occurs. (see prospectus for further information).

This security was Not rated by Moody’s and rated BBB- by S&P at the date of its IPO. This security was rated BBB- 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
Reset Rate
$1.59375
$25.00
$25.00
9/30/2025
None
Baa3 BBB
4/09/2023
3/30, 6/30, 9/30 & 12/30
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (APO)

Notes:  January 1, 2022 -- The Company completed the previously announced merger transaction pursuant to the Agreement and Plan of Merger, dated as of March 8, 2021 (the Merger Agreement), by and among the Company, AGM (formerly known as Tango Holdings, Inc.), Apollo Asset Management, Inc. (AAM, formerly known as Apollo Global Management, Inc.), Blue Merger Sub, Ltd. (AHL Merger Sub), and Green Merger Sub, Inc. (AAM Merger Sub). Effective as of 1:00 a.m. Eastern Time on the Merger Effective Date, AAM Merger Sub merged with and into AAM (the AAM Merger), with AAM continuing as a direct subsidiary of AGM. Effective as of 1:01 a.m. Eastern Time on the Merger Effective Date, AHL Merger Sub merged with and into AHL (the AHL Merger and, together with the AAM Merger, the Mergers), with AHL continuing as a direct subsidiary of AGM. As a result of the Mergers, AAM and AHL became direct subsidiaries of AGM.

IPO - 6/4/2020 - 24.00 Million Shares @ $25/share.    Link to IPO Prospectus
Previous Ticker Symbol: ATHHL    Changed: 6/16/2020
   Changed: 1/03/2022
Market Value $600.0 Million

Company's Online Information Links
HOME PAGE:     https://www.apollo.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address ngunn@athene.com
General Email Address IR@apollo.com
Email Request Form on Website Go to Email Form

Foreign Address and Phone Numbers
Address:   Chesney House, First Floor, 96 Pitts Bay Road, Pembroke, HM08, Bermuda
Main Phone Number 441 279-8400
Inv Rel Phone Number +441 279-8534

Address and Phone Numbers
U.S. Representative N.A.
Address:   
Main Phone Number Not Available
Fax Number Not Available
Investor Relations   Noah Gunn 646-768-7309
CEO - James R. Belardi CFO -  Martin P. Klein



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