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Brighthouse Financial Inc | 6.600% Non-Cumulative Preferred Stock, Series A (BHFAP)
Prospectus excerpt: We will pay dividends on the Series A preferred stock only when, as and if declared by our board of directors (or a duly authorized committee thereof) out of funds legally available for the payment of dividends. Any such dividends will be payable at a rate of 6.600% per annum, on a non-cumulative basis from the date of original issue, quarterly in arrears on the 25th day of March, June, September and December of each year, commencing on June 25, 2019. Payment of dividends on the Series A preferred stock is subject to certain restrictions as described elsewhere in this prospectus supplement, or in the documents incorporated by reference herein. Distributions will be made in respect of the depositary shares if and to the extent dividends are paid on the Series A preferred stock. Full Prospectus PDF », Secondary Prospectus PDF », BHF Page »
Series: | A | Redeemable?: | Yes | Call Date: | 3/25/2024 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 17,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $22.89 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-2.11 (-8.44%) | Annualized Dividend: | 1.65 | Recent Ex-Date: | 3/7/2024 | Current Yield: | 7.21% | Original Coupon: | 6.60% | Pay Period: | Quarterly | Pay Dates: | 25-Mar, 25-Jun, 25-Sep, 25-Dec | CDx3 Compliance Rating: |
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Brighthouse Financial is a holding company. Through its subsidiaries, Co. is a provider of annuity and life insurance products. Co. is organized into three segments: annuities, which consists of variable, fixed, index-linked and income annuities designed to address contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer and income security; life, which consists of insurance products and services, including term, universal, whole and variable life products designed to address policyholders' needs for financial security and protected wealth transfer; and run-off, which consists of products no longer actively sold and which are separately managed. Preferreds: BHFAP, BHFAO, BHFAN, BHFAM Open the BHF Information Page »
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