American Equity to Repurchase up to 350,000 Shares of Common Stock in Its NMO Deferred Compensation Trust.WEST DES MOINES, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents. -- American Equity Investment Life Holding Company (NYSE NYSE See: New York Stock Exchange :AEL AEL Association Electronique Libre AEL Appalachia Educational Laboratory AEL Arabisch Europese Liga AEL Agence de l'Energie AEL Arab European League AEL Accessible Emission Limit AEL Acceptable Exposure Limit AEL Arquivo Edgard Leuenroth ), today announced that it will repurchase up to 350,000 shares of its outstanding common stock in open market transactions. Such purchases will be made by AEL's NMO NMO Normal Moveout NMO Neuromyelitis Optica NMO New Motorola (antenna mounting) NMO National Member Organisation NMO NASA Management Office (JPL) NMO Network Mode of Operation Deferred Compensation Trust (the "Trust"), and will be used to fund AEL's obligation under its NMO Deferred Compensation Plans (the "Plans") to distribute shares of common stock to the principals of its key marketing organizations. The Trust has previously acquired shares in private transactions and now owns approximately 2.6 million shares. The repurchase of shares by the Trust will reduce the number of diluted shares outstanding on a one-for-one basis. ABOUT AMERICAN EQUITY Founded in 1995, American Equity Investment Life Holding Company is a full-service underwriter of a broad line of annuity and insurance products, with a primary emphasis on the sale of fixed rate and index annuities. The Company's headquarters are located at 5000 Westown Parkway, West Des Moines, Iowa, 50266. The mailing address of the company is: P.O. Box 71216, Des Moines, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, , 50325. |
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