San Diego, CA -- (SBWIRE) -- 10/02/2023 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at American Equity Investment Life Holding Company.

Investors who purchased shares of American Equity Investment Life Holding Company (NYSE: AEL) shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain American Equity Investment Life Holding Company directors breached their fiduciary duties and caused damage to the company and its shareholders.

West Des Moines, IA based American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States.

On July 5, 2023, Brookfield Reinsurance (NYSE, TSX: BNRE) and American Equity Investment Life Holding Company (NYSE: AEL) ("AEL") announced that they have entered into an agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion.

As part of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield Asset Management Ltd. (NYSE, TSX: BAM) ("BAM") class A limited voting share ("BAM Shares") having a value equal to $16.15 (based on the undisturbed 90-day volume-weighted average share price ("VWAP") of the BAM Shares on June 23, 2023), subject to adjustment in certain circumstances as described below (the "Merger Consideration").

Those who are current investors in American Equity Investment Life Holding Company (NYSE: AEL) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.