Brighthouse Financial, Inc. just filed a prospectus, suggesting it plans to soon issue some securities

Brighthouse Financial, Inc. just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

USE OF PROCEEDS

We estimate that the net proceeds to us from this offering will be approximately $             (or $             if the underwriters exercise in full their option to purchase additional depositary shares), after deducting the underwriting discount and estimated offering expenses payable by us. We intend to contribute the net proceeds from this offering to our indirect wholly-owned subsidiary, Brighthouse Life Insurance Company, whi ch intends to use such proceeds for general corporate purposes. Such purposes include supporting our variable annuity business following the adoption of the new framework for variable annuity reserve and capital reform by the NAIC, as well as increasing the assets supporting our hedging strategy, which we expect will reduce our hedging costs.

 

S-18

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

The Vanguard Group just provided an update on share ownership of Brighthouse Financial, Inc. - April 9, 2020
Brighthouse Financial, Inc. director just picked up 5,000 shares - March 13, 2020
Brighthouse Financial, Inc. director just picked up 5,000 shares - March 13, 2020

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