RTTNews | Nov 22, 2021 07:23AM EST

07:22 Monday, November 22, 2021 (RTTNews.com) - American Equity Investment Life Holding Company (AEL) on Monday said its Board of Directors has authorized it to buy back an additional $500 million of the company's common shares.

The total authorization now stands at $736 million, which the company plans to offset any future dilution from shares to be issued to Brookfield Reinsurance for its planned increased stake in the company from 9.9% to 15-19.9%.

Additionally, the Board declared a dividend of $0.34 per share, a $0.02 per share increase from the last time, to be paid on December 13, 2021, to stockholders as of record on November 29, 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3244023/american-equity-investment-to-additionally-buy-back-500-mln-of-shares.aspx)

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