Security Benefit Series A Preferred Will Reset Dividend Rate in May

Security Benefit Series A Preferred Will Reset Dividend Rate in May

TOPEKA, Kan.--(BUSINESS WIRE)--Apr 17, 2025-

Security Benefit Series A Preferred Will Reset Dividend Rate in May - The Morning Sun

TOPEKA, Kan.--(BUSINESS WIRE)--Apr 17, 2025--SBL Holdings, Inc. (“Security Benefit”), the parent of Security Benefit Life Insurance Company, today announced that the annual dividend rate on its 7.000% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A will reset in May as provided in the Series A terms. The rate will be reset to a benchmark of five-year U.S. Treasury yields to maturity plus a spread of 5.58%. No Series A shares will be re…