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8-K - FORM 8-K - REINSURANCE GROUP OF AMERICA INC | c63141e8vk.htm |
EX-99.3 - EX-99.3 - REINSURANCE GROUP OF AMERICA INC | c63141exv99w3.htm |
EX-99.2 - EX-99.2 - REINSURANCE GROUP OF AMERICA INC | c63141exv99w2.htm |
Exhibit
99.1
Reinsurance Group of America, Incorporated Confirms Special Record Date For
Trust Preferred Securities Relating To
Preferred Income Equity Redeemable Securities
Trust Preferred Securities Relating To
Preferred Income Equity Redeemable Securities
February 16, 2011 St. Louis, MO. On February 16, 2011, Reinsurance Group of America,
Incorporated (RGA) (NYSE: RGA) issued a notice of redemption of its warrants to holders of its
Trust Preferred Income Equity Redeemable Securities (PIERS Units) and any separately held
warrants and the concurrent notice of remarketing of the related preferred securities.
RGA is confirming that the special record date for payment of accumulated and unpaid
distributions on the preferred securities will be March 3, 2011, the day immediately prior to the
remarketing settlement date. The distributions will be made on March 4, 2011, the remarketing
settlement date. The distributions will cover the period from and including December 15, 2010, the
most recent distribution date, to but excluding March 4, 2011.
As previously announced, redemption of the warrants by RGA triggers the remarketing of
preferred securities. The remarketing of the preferred securities will occur on March 1, 2011. The
proceeds from the remarketing will be paid to the selling holders, provided that the proceeds for
holders who have elected to exercise their warrants shall be applied to satisfy the exercise price
of the warrants. Any holder of a PIERS Unit or a preferred security who does not wish to
participate in the remarketing must give written notice to The Bank of New York Mellon Trust
Company, N.A. prior to 5:00 p.m. (New York City time) on February 28, 2011. Following the
remarketing, the preferred securities will have the annual distribution rate determined in the
remarketing and will become due on June 5, 2011.
The shares of common stock underlying the warrants are registered under RGAs registration
statement on Form S-3 and covered by prospectus supplements dated February 16, 2011 and related
prospectus dated February 15, 2011, copies of which may be obtained from RGA, 1370 Timberlake Manor
Parkway Chesterfield, Missouri 63017-6039, Attention: Investor Relations or by telephone at (636)
736-7000.
RGA has engaged Barclays Capital as its remarketing agent. The remarketed trust preferred
securities are registered under the same registration statement and covered by a prospectus
supplement dated February 16, 2011 and related prospectus dated February 15, 2011, copies of which
may be obtained from Barclays Capital Inc., c/o Broadridge Integrated Distribution Services, 1155
Long Island Avenue, New York, NY 11717 or by telephone at 888-603-5847 or email at
barclaysprospectus@broadridge.com.
This document shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities laws of any state.
Questions concerning redemption and exercise of the warrants and the election not to
participate in the remarketing can be directed to The Bank of New York Mellon Trust Company, N.A.,
Corporate Trust Administration, 2 North LaSalle, Suite 1020 Chicago, Illinois 60602, telephone
number, 312-827-8546, fax number, 312-827-8542.
About RGA
Reinsurance Group of America, Incorporated is among the largest global providers of life
reinsurance, with subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China,
France, Germany, Hong Kong, India, Ireland, Italy, Japan, Mexico, the Netherlands, Poland, South
Africa, South Korea, Spain, Taiwan, the United Kingdom and the United States. At December 31, 2010,
the company had approximately $2.5 trillion of worldwide life reinsurance in force and assets of
$29.1 billion.
SOURCE: Reinsurance Group of America, Inc. (RGA)
John W. Hayden 636-736-7000
Senior Vice President-Controller and Investor Relations