Investigation announced for Investors in shares of American Equity Investment Life Holding Company (NYSE: AEL) over possible Violations of Securities Laws

An investigation on behalf of investors of American Equity Investment Life Holding Company (NYSE: AEL) shares over potential securities laws violations by American Equity Investment Life Holding Company was announced.

Investors who purchased shares of American Equity Investment Life Holding Company (NYSE: AEL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by American Equity Investment Life Holding Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

West Des Moines, IA based American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States.

On July 5, 2023, Brookfield Reinsurance (NYSE, TSX: BNRE) and American Equity Investment Life Holding Company (NYSE: AEL) ("AEL") announced that they have entered into an agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion.
As part of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield Asset Management Ltd. (NYSE, TSX: BAM) ("BAM") class A limited voting share ("BAM Shares") having a value equal to $16.15 (based on the undisturbed 90-day volume-weighted average share price ("VWAP") of the BAM Shares on June 23, 2023), subject to adjustment in certain circumstances as described below (the "Merger Consideration").

Those who are current investors in American Equity Investment Life Holding Company (NYSE: AEL) shares have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.