MetLife, Inc. announced the full redemption of its 3.850% Fixed Rate Reset Non-Cumulative Preferred Stock, Series G.
The redemption price is set at $1,000 per share of Series G Preferred Stock.
All outstanding shares of Series G Preferred Stock will be redeemed on September 15, 2025.
Redemption Details
Series G Preferred Stock to be redeemed at $1,000 per share on September 15, 2025.
Dividend Payment
Regular dividends of $19.250 per share will be paid separately on September 15, 2025.
Ceasing of Dividends
After the redemption date, all dividends on Series G Preferred Stock will cease to accrue.
- The redemption of Series G Preferred Stock signifies a strategic financial move by MetLife to manage its capital structure.
- Investors holding the Series G Preferred Stock will receive the redemption price of $1,000 per share on the specified date.
MetLife's decision to redeem the Series G Preferred Stock reflects its commitment to optimizing its financial position and rewarding shareholders.