Hearing Date Set for Brookfield Reinsurance Acquisition of AEL

Group 1 - Brookfield Reinsurance has announced a hearing date of April 5, 2024, for its acquisition of American Equity Investment Life Holding Company (AEL) [1] - The acquisition was initially announced on July 5, 2023, and is expected to close shortly after the hearing [1] - CEO Sachin Shah expressed enthusiasm about the acquisition, aiming to build AEL into a leader in the U.S. annuity markets and positively impact the Des Moines community [1] Group 2 - Brookfield Reinsurance operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions [2] - Each class A exchangeable limited voting share and class A-1 exchangeable non-voting share of Brookfield Reinsurance can be exchanged on a one-for-one basis with a class A limited voting share of Brookfield Corporation [2]