M
ME NEWS
10 Mar 2025, 05:18
Affiliated Managers Group, Inc. Extends $500 Million Equity Distribution Program
West Palm Beach, FL – March 7, 2025 – Affiliated Managers Group, Inc. (NYSE: AMG) announced today the extension of its $500 million Equity Distribution Program following the required filing of a new shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC) on February 28, 2025.
Key Highlights of the Equity Distribution Program:
The new prospectus supplement replaces the prior supplement filed on May 27, 2022.
Up to $500 million in shares of common stock may be offered and sold through:
Barclays Capital Inc.
BofA Securities, Inc.
Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
RBC Capital Markets, LLC
Wells Fargo Securities, LLC (collectively, the "Agents").
No shares were issued or sold under the prior prospectus supplement, and the earlier Equity Distribution Program has been terminated.
The Company has no current plans to issue or sell shares under the new program, but may do so in the future.
Forward Sale Agreements:
The Company also entered into separate confirmation letter agreements (Forward Sale Agreements) with the Agents or their affiliates (Forward Purchasers).
Under these agreements, Forward Purchasers may borrow and sell shares equal to the number of shares underlying the Forward Sale Agreement, at the Company’s request.
The Equity Distribution Agreement and Forward Sale Agreements are attached as exhibits in the Company’s Form 8-K filing with the SEC.
West Palm Beach, FL – March 7, 2025 – Affiliated Managers Group, Inc. (NYSE: AMG) announced today the extension of its $500 million Equity Distribution Program following the required filing of a new shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC) on February 28, 2025.
Key Highlights of the Equity Distribution Program:
The new prospectus supplement replaces the prior supplement filed on May 27, 2022.
Up to $500 million in shares of common stock may be offered and sold through:
Barclays Capital Inc.
BofA Securities, Inc.
Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
RBC Capital Markets, LLC
Wells Fargo Securities, LLC (collectively, the "Agents").
No shares were issued or sold under the prior prospectus supplement, and the earlier Equity Distribution Program has been terminated.
The Company has no current plans to issue or sell shares under the new program, but may do so in the future.
Forward Sale Agreements:
The Company also entered into separate confirmation letter agreements (Forward Sale Agreements) with the Agents or their affiliates (Forward Purchasers).
Under these agreements, Forward Purchasers may borrow and sell shares equal to the number of shares underlying the Forward Sale Agreement, at the Company’s request.
The Equity Distribution Agreement and Forward Sale Agreements are attached as exhibits in the Company’s Form 8-K filing with the SEC.