8-KOther EventsExhibits & Filings

AFFILIATED MANAGERS GROUP, INC. 8-K Report, Corporate Update (Mar 7, 2025)

Filed March 7, 2025For Securities:AMGMGRBMGRMGRDMGRE

Summary

Affiliated Managers Group, Inc. (AMG) has filed a prospectus supplement on March 7, 2025, to extend its $500 million Equity Distribution Program. This action follows the filing of a new shelf registration statement on Form S-3 on February 28, 2025. The new program supersedes a prior one established in May 2022, under which no shares were issued or sold. While AMG has no immediate plans to sell shares under the new program, the extension provides flexibility to do so in the future if market conditions or strategic needs arise.

Key Highlights

  • 1AMG has extended its $500 million Equity Distribution Program through a new shelf registration statement and prospectus supplement filed on March 7, 2025.
  • 2The prior Equity Distribution Program, established in May 2022, has been terminated, and no shares were issued or sold under it.
  • 3The Company currently has no plans to issue or sell shares under the new program but retains the option to do so in the future.
  • 4The program allows for the offering and sale of up to $500 million in common stock through a syndicate of named agents, including Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC.
  • 5AMG has also entered into Forward Sale Agreements with agents or their affiliates, which may involve borrowing and selling shares to facilitate potential future equity issuances.
  • 6The filing includes the Equity Distribution Agreement, the Form of Forward Sale Agreement, and a legal opinion on the validity of shares to be offered.

Frequently Asked Questions

The primary purpose of the filing is to extend AMG's existing $500 million Equity Distribution Program, allowing the company to potentially offer and sell shares of its common stock in the future.

No, the filing explicitly states that no shares of common stock were issued or sold under the prior prospectus supplement and Equity Distribution Program filed in May 2022.

The company states it has no current plans to issue or sell shares under the replacement Equity Distribution Program. However, it reserves the right to do so from time to time in the future.

The Forward Sale Agreements allow for arrangements where forward purchasers (affiliates of the agents) may borrow and sell shares of AMG's common stock, potentially in anticipation of or to facilitate future issuances under the Equity Distribution Program.