Quick Search
Top Banner

Session.supporter not defined

Register
quantumonline home Income Tables Income Lists Stock Lists Special Lists Investment Services Investment Information quantumonline home

Brighthouse Financial, 6.75% Dep Shares Series B Non-Cumul Perp Preferred Stock
Ticker Symbol: BHFAO     CUSIP: 10922N509     Exchange: NGS
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Brighthouse Financial, Inc., 6.75% Depositary Shares, each representing a 1/1,000th interest in a depositary share of Series B Non-Cumulative Perpetual Preferred Stock liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 6/25/2025 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-Cumulative distributions of 6.75% per annum ($1.6875 per annum or $0.421875 per quarter) will be paid quarterly on 3/25, 6/25, 9/25 & 12/25 to holders of record on the 15th day prior to the payment date or other 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 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. The Company may redeem the Depositary Shares before 6/25/2025 at $25.00 (100%) of their principal amount plus accrued and unpaid interest, if a regulatory capital event occurs; before 6/25/2025 at $25.50 (102%) of their principal amount plus accrued and unpaid interest if a rating agency event occurs. (see prospectus for further information). Dividends paid by this preferred security 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) and are also eligible for the dividends received deduction for corporate holders (see page S-33 of the prospectus for further information). This security was rated as Ba2 by Moody’s and BBB- 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. 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
NGS
Chart
6.75%
$1.6875
$25.00
$25.00
6/25/2025
None
Ba1 BBB-
1/24/2023
3/25, 6/25, 9/25 & 12/25
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (BHF)

IPO - 5/18/2020 - 14.00 Million Shares @ $25/share.    Link to IPO Prospectus
Previous Ticker Symbol: BHFBL    Changed: 5/22/2020
Market Value $350.0 Million
Click for current BHFAO price quote from the NASDAQ

Company's Online Information Links
HOME PAGE:     https://www.brighthousefinancial.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 damante@brighthousefinancial.com
General Email Address investor.relations@brighthousefinancial.com

Address and Phone Numbers
Address:   11225 North Community House Road, Charlotte, NC 28277
Main Phone Number 980-365-7100
Fax Number Not Available
Investor Relations   Dana Amante 980-949-3073
CEO - Eric T. Steigerwalt CFO - Edward A. Spehar



Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.


investment Links contact quantumonline guestbook
quantumonline supporters about quantumonline using quantumonline


QuantumOnline.com
Copyright © 1997 - 2024 QuantumOnline.com. All rights reserved.
Web page design latest update: 4/2/2024
Web page financial information is most recent information available and more recent than last web page design date.