Lincoln Financial launches tender offers for up to $500M in preferred shares

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Go back to Lincoln Financial launches tender offers for up to $500M in preferred shares

Lincoln Financial Announces Offers to Purchase Up To $500 Million Aggregate Liquidation Preference of Its Series C and Series D Depositary Shares

August 10, 2026 8:50 AM EDT

RADNOR, Pa.--(BUSINESS WIRE)-- Lincoln Financial (NYSE: LNC) today announced the commencement by Lincoln National Corporation (the Company) of concurrent but separate offers (each, an Offer and, together, the Offers) to purchase for cash up to $500 million in aggregate Liquidation Preference (as defined below) (such amount, the Maximum Aggregate Liquidation Preference) of its outstanding depositary shares, representing fractional interests in certain series of its preferred stock, listed in the table below (collectively, the Depositary Shares, and each series of Depositary Shares, a series of Depositary... More