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Athene Holding Ltd Dep Sh Rate Reset Non-Cumul Pref Shares Ser E
Ticker Symbol: ATH-E CUSIP: 04686J507 Exchange: NYSE
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Athene Holding Ltd., 7.750% Depositary Shares Each Representing a 1/1,000th Interest in a Share of Fixed-Rate Reset Perpetual Non-Cumulative Preference Shares, Series E, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/30/2027 at $25 per Depositary 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 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 7.750% 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 3.962%, 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-52 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 $25,00 (100%) of their principal amount plus accrued and unpaid interest, if a regulatory capital event or tax 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 rated Baa3 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.
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Go to Parent Company's Record (APO)
IPO - 12/5/2022 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: ATHLL Changed: 12/16/2022
Market Value $ Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 9 West 57th Street, 43rd Floor, New York, NY 10019 |
| Main Phone Number |
212-515-3200 |
| Fax Number |
Not Available |
| Investor Relations
Noah Gunn
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212-822-0540
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| CEO - James R. Belardi |
CFO - Martin P. Klein |
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