Affiliated Managers Group 5.875% Junior Subordinated Notes due 2059
By: Tim McPartland,
Date Issued 3/21/2019
S&P Rating BBB Moodys Baa1
Shares Issued 11,200,000 Over Allotment Shares 1,680,000
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Security Ticker Symbol MGR
Market Traded ON NYSE
Interest Payment Paid on the 30th of March, June, September and December beginning on 6/30/2019
Quarterly Interest .367 Annual Interest 1.469
Securities may be redeemed, at the issuers option, as early as 03/30/2024 for a redemption price of $25/share plus accrued interest
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Interest Payment Will NOT be Qualified Distributions. Payments are interest (not dividends) thus they do not qualify for preferential tax rates.
Maturity Date 03/30/2059
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