Corebridge Financial -- Ex-AIG life

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zweiter Angriff auf's Post-IPO-High:

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5.12.
AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock
https://www.wallstreet-online.de/nachricht/17608351-aig-anno…
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American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock.

AIG, as the selling stockholder, sold 35 million existing shares of common stock (out of approximately 630 million total shares of common stock outstanding) of Corebridge at a public offering price of $20.50 per share, which included a 30-day option to the underwriter to purchase up to an additional 5.25 million shares. AIG remains a majority shareholder of Corebridge Financial.

The proceeds of the offering to AIG, after deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $712 million. All of the net proceeds from the offering will go to AIG.
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zum 30.6. gab's hier eine Sonderausschüttung:

1.6.
Corebridge Financial Declares Special Dividend of $0.62 Per Share
https://www.wallstreet-online.de/nachricht/17002487-corebrid…
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Corebridge Financial, Inc. (NYSE: CRBG) (“Corebridge” or the “Company”) today announced that its Board of Directors has declared a special dividend of $0.62 per share payable on June 30, 2023, to common shareholders of record on June 16, 2023. The aggregate amount of the payment to be made in connection with this special dividend will be approximately $400 million.

This special dividend will be in addition to the Company’s regular quarterly cash dividend of $0.23 per share which is payable on June 30, 2023, to common shareholders of record on June 16, 2023.

Peter Zaffino, Chairman and Chief Executive Officer of majority shareholder AIG (NYSE: AIG), and Chairman of the Board of Directors of Corebridge, said: “Returning excess capital to shareholders in the form of a special dividend reflects the Board’s confidence in Corebridge’s consistent performance and its liquidity position.”

Kevin Hogan, President and Chief Executive Officer of Corebridge, added: “This special dividend is aligned with management’s plan and commitment to provide attractive returns to shareholders.”
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..und zum 22.6. einen Aktienrückkauf:

Corebridge Financial Announces $200 Million Share Repurchase from AIG and Blackstone
https://www.wallstreet-online.de/nachricht/17070270-corebrid…
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AIG hält nach einer Form 4 vom 23.6. noch 415,413,892 Common Stock der Corebridge Financial (https://investors.corebridgefinancial.com/financials/sec-fil…), das wären noch rund 415,413,892 / 648,143,336 (10-Q, May 5, 2023; shares outstanding) = ~64% aller Aktien.

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Erst-Posi bei diesem eher ernüchternd gelaufen IPO im laufenden Bärenmarkt:

Sept. 15, 2022 at 1:07 p.m. ET
AIG's Corebridge Financial stock opens below IPO price
https://www.marketwatch.com/story/aigs-corebridge-financial-…
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Corebridge Financial Inc., the life insurance unit of American International Group Inc., received a lackluster reception in its public debut, as the stock opened 2.4% the initial public offering price.

The company said overnight that it's IPO priced at $21 a share, at the low end of the expected range, as the company raised $1.68 billion in the biggest IPO in a rather down year for IPOs. The stock's first trade Thursday was $20.50 at 1:04 p.m. Eastern for 4.4 million shares. At that price, Corebridge was valued at about $13.22 billion.
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