AMG Adjusts Conversion Rate From 0.2558 Common Shares Per $50 Junior Convertible Security To 0.2582 Common Shares Per $50 Junior Convertible Security

Author: Benzinga Newsdesk | November 14, 2025 07:17am

AMG, a strategic partner to leading independent investment management firms globally, today announced an adjustment to the conversion rate of its 5.15% junior convertible trust preferred securities due 2037 (the "junior convertible securities"). The conversion rate adjustment is being made in accordance with the indenture governing the conversion of the junior convertible securities as a result of the quarterly cash dividends paid by AMG on common shares since the fourth quarter of 2019 through the previously announced quarterly cash dividend with an ex-dividend date of November 13, 2025 to be paid on November 28, 2025. Effective immediately, the conversion rate is adjusted from 0.2558 common shares per $50.00 junior convertible security to 0.2582 common shares per $50.00 junior convertible security, equivalent to an adjusted conversion price of $193.6483 per common share, compared to the prior conversion price of $195.4652 per common share.

Posted In: AMG