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MetLife Announces Distribution Amounts on Common Equity Units Following Successful Remarketing

Wednesday, November 28, 2012 5:14 PM


MetLife, Inc. (NYSE: MET) announced today the new distribution amounts for its Common Equity Units (NYSE: MLU) following the completion of its successful remarketing, on October 4, 2012, of $500 million aggregate principal amount of its 1.756% Series C Senior Component Debentures, Tranche 1 and $500 million aggregate principal amount of its 3.048% Series C Senior Component Debentures, Tranche 2.

On the quarterly distribution dates for the Common Equity Units from, and including, December 15, 2012 to, but excluding, the quarterly distribution date following a successful remarketing of the Series D Senior Debentures due 2024 forming part of the Common Equity Units, holders of record will be entitled to receive $0.6250 per Common Equity Unit held. The holders of record entitled to receive these distributions will be holders of the Common Equity Units as of the 1st day of the month of such quarterly distribution date. Therefore holders of record of the Common Equity Units on December 1, 2012 will be entitled to receive a distribution of $0.625 per Common Equity Unit on December 15, 2012.

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

This press release may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, trends in operations and financial results.

Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining the actual future results of MetLife, Inc., its subsidiaries and affiliates. These statements are based on current expectations and the current economic environment. They involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied in the forward-looking statements. Risks, uncertainties, and other factors that might cause such differences include the risks, uncertainties and other factors identified in MetLife, Inc.’s most recent Annual Report on Form 10-K (the “Annual Report”) filed with the U.S. Securities and Exchange Commission (the “SEC”), Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the SEC after the date of the Annual Report under the captions “Note Regarding Forward-Looking Statements” and “Risk Factors,” and other filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if we later become aware that such statement is not likely to be achieved. Please consult any further disclosures MetLife, Inc. makes on related subjects in reports to the SEC.

(Source: Business Wire )
(Source: Quotemedia)

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