Lincoln Financial accepts USD 437.3 million tender for Series C and D preferred depositary shares
LNC•Lincoln Financial accepts all valid tenders under Series C and Series D offers
Lincoln Financial will buy back preferred-stock depositary shares in cash, accepting all valid tenders under its Series C and Series D offers.
Total payout, including accrued dividends, is set at about $461.8 million; settlement is expected Sept. 10, 2026.
The company will purchase about $265.95 million liquidation preference of Series C depositary shares at $1,057.31 each, including dividends.
It will also buy about $171.36 million liquidation preference of Series D depositary shares at $26.36 each, including dividends.
Accepted shares equal about 53.2% of outstanding Series C depositary shares and about 34.3% of Series D depositary shares.
