American Equity Investment (AEL) Resumes Stock Buyback Plan
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American Equity Investment Life Holding Company (NYSE: AEL) has resumed its share repurchase program. AEL previously repurchased approximately 2.3 million shares of its common stock pursuant to authority granted by AEL's Board of Directors in November 2007 to repurchase up to a maximum of 10 million shares. Thus AEL may now repurchase up to 7.7 million additional shares; however, the number of shares to be repurchased will be determined on a week by week basis and AEL may repurchase fewer than 7.7 million shares.
American Equity Investment Life Holding Company develops, markets, issues and administers annuities and life insurance. [SM]
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