American National Completes Full Redemption of Outstanding Depositary Shares Representing Interests in its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B

Core Points - American National Group Inc. has completed the redemption of all 12,000 outstanding shares of its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B, and the corresponding 12,000,000 depositary shares [1][2] - The redemption price for the depositary shares was set at $25.00 per share, totaling $300,000,000, plus any declared but unpaid dividends [1] - The company funded the redemption through the net proceeds from a previously announced sale of $500,000,000 aggregate principal amount of its 7.000% Fixed-Rate Reset Junior Subordinated Notes due 2055 [1] Summary of Actions - All rights related to the Series B Preferred Stock and depositary shares have ceased, except for the right to receive the redemption price [2] - Investors are advised to contact their banks or brokers for information on obtaining the redemption price [2] - The New York Stock Exchange has suspended trading of the depositary shares and filed for their delisting [3] Company Overview - American National Group Inc. offers a wide range of insurance products and services, including retail and institutional annuities, operating through subsidiaries across all 50 U.S. states, the District of Columbia, Puerto Rico, and Bermuda [4]