Athene Holding Updates Preferred Stock Details in 8-K Filing
Ticker: ATH-PE · Form: 8-K · Filed: Jan 12, 2024 · CIK: 1527469
| Field | Detail |
|---|---|
| Company | Athene Holding Ltd. (ATH-PE) |
| Form Type | 8-K |
| Filed Date | Jan 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: preferred-stock, capital-structure, regulation-fd, disclosure
TL;DR
**Athene just filed an 8-K updating its preferred stock details, good for transparency.**
AI Summary
Athene Holding Ltd. filed an 8-K on January 12, 2024, to disclose its various series of preferred stock, including Series A, B, C, D, and E. This filing, under Regulation FD, primarily serves to update the public record regarding the company's capital structure, specifically highlighting its Depositary Shares representing a 1/1,000th interest in a 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Share, Series A, which trades on the New York Stock Exchange under the symbol ATHPrA. For investors, this matters because preferred stock can offer stable income through dividends, and understanding the terms of these shares is crucial for assessing the company's financial obligations and potential returns for preferred shareholders.
Why It Matters
This filing provides transparency into Athene's capital structure, which is important for investors evaluating the company's financial health and its obligations to preferred shareholders.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of existing securities and does not indicate any new financial risks or operational changes.
Analyst Insight
Investors should review the terms of Athene's preferred stock, especially the 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Share, Series A (ATHPrA), to understand potential dividend income and its place in the capital structure, particularly if they are income-focused or considering preferred stock investments.
Key Numbers
- 6.35% — Fixed-to-Floating Rate (dividend rate for Series A Perpetual Non-Cumulative Preference Shares)
- 1/1,000th — interest (each Depositary Share represents this fraction of a Series A Preference Share)
Key Players & Entities
- Athene Holding Ltd. (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where Athene's Series A preferred shares are registered
- ATHPrA (other) — trading symbol for Series A preferred shares
- Delaware (other) — state of incorporation for Athene Holding Ltd.
- West Des Moines, Iowa (other) — location of Athene's principal executive offices
FAQ
What is the purpose of Athene Holding Ltd.'s 8-K filing dated January 12, 2024?
The 8-K filing by Athene Holding Ltd. on January 12, 2024, is a Regulation FD Disclosure, primarily to update the public record regarding its various series of preferred stock, including Series A, B, C, D, and E, and their registration details.
What is the trading symbol and exchange for Athene's Series A preferred stock mentioned in the filing?
The Depositary Shares representing a 1/1,000th interest in Athene's 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Share, Series A, trade under the symbol ATHPrA on the New York Stock Exchange.
What is the dividend rate for the Series A Perpetual Non-Cumulative Preference Shares?
The Series A Perpetual Non-Cumulative Preference Shares have a 6.35% Fixed-to-Floating Rate, as stated in the filing.
Which specific preferred stock series are mentioned in the filing?
The filing specifically mentions us-gaap:SeriesAPreferredStockMember, us-gaap:SeriesBPreferredStockMember, us-gaap:SeriesCPreferredStockMember, us-gaap:SeriesDPreferredStockMember, and us-gaap:SeriesEPreferredStockMember.
What is the state of incorporation for Athene Holding Ltd.?
Athene Holding Ltd. is incorporated in Delaware, as indicated in the filing.
Filing Stats: 665 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-01-12 16:14:26
Filing Documents
- ahl-20240112.htm (8-K) — 48KB
- ahl-20240112_g1.jpg (GRAPHIC) — 153KB
- 0001527469-24-000004.txt ( ) — 637KB
- ahl-20240112.xsd (EX-101.SCH) — 2KB
- ahl-20240112_def.xml (EX-101.DEF) — 18KB
- ahl-20240112_lab.xml (EX-101.LAB) — 35KB
- ahl-20240112_pre.xml (EX-101.PRE) — 19KB
- ahl-20240112_htm.xml (XML) — 7KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. Apollo Global Management, Inc. ("Apollo"), the parent company of Athene Holding Ltd. (the "Company"), will host a conference call to review Apollo's financial results for the fourth quarter ended December 31, 2023 and full year 2023 on February 8, 2024 at 8:30 a.m. ET via public webcast. During the conference call, Apollo senior management will provide information regarding the Company's financial results for the fourth quarter ended December 31, 2023 and full year 2023, and other business insights relating to the Company. The public webcast will be available on Apollo's Investor Relations website at https://ir.apollo.com. A replay will be available at the same link one hour after the event. The foregoing information is being furnished pursuant to this Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing or document, except as shall be expressly set forth by specific reference in such a filing or document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATHENE HOLDING LTD. Date: January 12, 2024 /s/ Martin P. Klein Martin P. Klein Executive Vice President and Chief Financial Officer