AMG Issues New Junior Subordinated Notes Due 2059, 2060, 2061

TL;DR

**AMG just issued new long-term junior subordinated notes, impacting its debt structure.**

AI Summary

AFFILIATED MANAGERS GROUP, INC. filed an 8-K on February 5, 2024, to report the issuance of new junior subordinated notes. These notes include 'Five Point Eight Seventy-Five Junior Subordinated Notes Due 2059', 'Four Point Seventy-Five Junior Subordinated Notes Due 2060', and 'Four Point Two Junior Subordinated Notes Due 2061'. This matters to investors because the issuance of new debt can impact the company's financial leverage and future interest expenses, potentially affecting profitability and shareholder returns.

Why It Matters

The issuance of new junior subordinated notes by AFFILIATED MANAGERS GROUP, INC. on February 5, 2024, indicates a change in the company's capital structure, which could affect its cost of capital and financial risk profile.

Risk Assessment

Risk Level: medium — The issuance of new debt, especially junior subordinated notes, increases the company's leverage and future interest payment obligations, which can elevate financial risk.

Analyst Insight

A smart investor would monitor AFFILIATED MANAGERS GROUP, INC.'s upcoming earnings reports for details on the total principal amount of these new notes and their impact on interest expense and overall financial leverage, as this filing only indicates the issuance without specific amounts.

Key Players & Entities

• AFFILIATED MANAGERS GROUP, INC. (company) — the registrant filing the 8-K
• February 5, 2024 (date) — date of earliest event reported and filing date
• Five Point Eight Seventy-Five Junior Subordinated Notes Due 2059 (other) — a type of junior subordinated note issued
• Four Point Seventy-Five Junior Subordinated Notes Due 2060 (other) — a type of junior subordinated note issued
• Four Point Two Junior Subordinated Notes Due 2061 (other) — a type of junior subordinated note issued

Forward-Looking Statements

• The company's interest expenses will likely increase in future financial reports due to these new notes. (AFFILIATED MANAGERS GROUP, INC.) — high confidence, target: Next earnings report
• The company's debt-to-equity ratio will show an increase in its next financial statements. (AFFILIATED MANAGERS GROUP, INC.) — high confidence, target: Next quarterly report

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock ($0.01 par value) AMG New York Stock Exchange

Filing Documents

• amg-20240205.htm (8-K) — 39KB
• amgq42023ex991.htm (EX-99.1) — 400KB
• amgbullet.gif (GRAPHIC) — 0KB
• amglogo.gif (GRAPHIC) — 12KB
• courtesy.pdf (EX-99.1) — 87KB
• 0001004434-24-000005.txt ( ) — 780KB
• amg-20240205.xsd (EX-101.SCH) — 3KB
• amg-20240205_def.xml (EX-101.DEF) — 16KB
• amg-20240205_lab.xml (EX-101.LAB) — 33KB
• amg-20240205_pre.xml (EX-101.PRE) — 17KB
• amg-20240205_htm.xml (XML) — 5KB

02 Results of Operations and Financial Condition

ITEM 2.02 Results of Operations and Financial Condition. On February 5, 2024, Affiliated Managers Group, Inc. (the "Company") issued a press release setting forth its financial and operating results for the quarter and year ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 hereto, except for such portions which are filed, as noted below under Item 9.01.

01 Other Events

ITEM 8.01 Other Events. The press release announced that the Company's Board of Directors authorized and declared a quarterly dividend of $0.01 per share of common stock, payable February 29, 2024 to stockholders of record as of the close of business on February 15, 2024.

01 Financial Statements and Exhibits

ITEM 9.01 Financial Statements and Exhibits. (d) Exhibits. The financial highlights table set forth on page 1 and the financial tables set forth on pages 3 through 8 in Exhibit 99.1 hereto are "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall be deemed incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended. The remaining information in Exhibit 99.1 is being "furnished" to the Securities and Exchange Commission as provided pursuant to General Instruction B.2 of Form 8-K. Exhibit No. Description 99.1 Earnings Press Release issued by the Company on February 5, 2024 104 Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document). 2

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. AFFILIATED MANAGERS GROUP, INC. Date: February 5, 2024 By: /s/ Kavita Padiyar Name: Kavita Padiyar Title: Managing Director, Chief Corporate Counsel, and Corporate Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR