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News  ›  GlobeNewswire Inc.

AMG Announces Conversion Rate Adjustment for its 5.15% Junior Convertible Trust Preferred Securities Due 2037

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Patricia Figueroa
AMG Announces Conversion Rate Adjustment for its 5.15% Junior Convertible Trust Preferred Securities Due 2037

AMG has adjusted the conversion rate of its 5.15% junior convertible trust preferred securities due 2037, increasing the conversion rate from 0.2558 to 0.2582 common shares per $50.00 security.

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AAPL   neutral

Mentioned as part of the Magnificent-7 but no specific performance details provided


AMG   neutral

The company is making a routine financial adjustment to its convertible securities based on quarterly dividend payments, which indicates standard corporate financial management without significant positive or negative implications