Fidelity National Financial and F&G Annuities & Life Announce a Planned Distribution of Approximately 12% Ownership of F&G to FNF Shareholders
Fidelity National Financial and F&G Annuities & Life Announce a Planned Distribution of Approximately 12% Ownership of F&G to FNF Shareholders |
| [07-November-2025] |
JACKSONVILLE, Fla. and DES MOINES, Iowa, Nov. 7, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF") a leading provider of title insurance and transaction services to the real estate and mortgage industries, and F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") today announced that FNF's Board of Directors has approved a special stock distribution (the "Distribution") to FNF's shareholders of approximately 16 million shares of common stock of F&G owned by FNF, a majority owned subsidiary of FNF, representing approximately 12% of the outstanding shares of F&G's common stock. The Distribution by FNF of the special stock distribution will be made on December 31, 2025 (the "Distribution Date") to all of FNF's shareholders of record as of 4:30 p.m. ET on December 17, 2025 (the "Record Date"). The Distribution will consist of a pro rata common stock distribution to each of FNF's shareholders on the Record Date. As of November 5, 2025, FNF had approximately 271 million shares of its common stock, par value $0.001 per share, outstanding. Based on such number, FNF estimates that FNF's shareholders will receive approximately six shares of F&G's common stock for every 100 shares of FNF's common stock held as of the close of business on the Record Date. The final distribution ratio will be determined based on the number of shares of FNF's common stock outstanding on the Record Date. No fractional shares of F&G's common stock will be distributed. Instead, FNF's shareholders will receive cash in lieu of any fraction of a share of F&G's common stock that they otherwise would have received. The Distribution is intended to be structured as a taxable dividend to FNF shareholders for U.S. federal income tax purposes. This distribution reflects FNF's confidence in F&G's long-term prospects and is intended to unlock shareholder value by enhancing market liquidity and broadening investor access to F&G's shares. Information Regarding the Distribution No vote or action is required by FNF's shareholders in order to receive the Distribution of shares of F&G's common stock. FNF's shareholders on the Record Date will receive account statements reflecting their ownership interest in shares of F&G's common stock. F&G's common stock issued in the Distribution will be in book-entry form. FNF's shareholders who hold their shares through brokers or other nominees will have their shares of F&G's common stock credited to their accounts by their nominees or brokers. FNF's shareholders will not be required to pay cash or other consideration for the shares of F&G's common stock to be distributed to them, or surrender or exchange their shares of FNF's common stock to receive the Distribution. Further information regarding the Distribution and FNF and F&G may be found at investor.fnf.com, and investors.fglife.com, respectively, and reports of FNF and F&G which may be accessed through the SEC's website at www.sec.gov. You are encouraged to consult with your financial advisor regarding the specific implications of trading FNF's common stock and F&G's common stock prior to or on the Distribution Date. This press release is not an offer to sell, or a solicitation of an offer to buy, any securities. About Fidelity National Financial, Inc. About F&G Forward-Looking Statements and Risk Factors Lisa Foxworthy-Parker
SOURCE Fidelity National Financial, Inc. | ||
Company Codes: NYSE:FNF,NYSE:FG |
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