MetLife, Inc. (NYSE: MET) has announced the full redemption of all outstanding shares of its 3.850% Fixed Rate Reset Non-Cumulative Preferred Stock, Series G, with a liquidation preference of $1,000 per share. The redemption price for each share of Series G Preferred Stock will also be $1,000, and the redemption will take place on the dividend payment date of September 15, 2025.
The regular dividends on the outstanding shares of Series G Preferred Stock, amounting to $19.250 per share, will be paid separately on September 15, 2025, to holders of record as of the close of business on August 29, 2025. It's important to note that the redemption price for Series G Preferred Stock will not include any accrued and unpaid dividends, and after the redemption date, all dividends on the shares of Series G Preferred Stock will cease to accrue.
The Series G Preferred Stock is held through the Depository Trust Company (DTC) and will be redeemed following DTC procedures. Computershare Trust Company, N.A. will act as the redemption agent and will make the payment to DTC for the Series G Preferred Stock.
MetLife, Inc., founded in 1868, is a leading financial services company that provides insurance, annuities, employee benefits, and asset management to individual and institutional customers globally. The company operates in over 40 markets and holds leading positions in the United States, Asia, Latin America, Europe, and the Middle East.
For further details, investors can contact John Hall at 212-578-7888, and for media inquiries, they can reach out to Jane Slusark at 347-989-5477. As a result of these announcements, the company's shares have moved -0.98% on the market, and are now trading at a price of $80.56. For the full picture, make sure to review METLIFE INC's 8-K report.
