Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Practice Management > Compensation and Fees

Principal Mails Demutualization Information

Your article was successfully shared with the contacts you provided.

NU Online News Service, Dec. 7, 4:44 a.m. – The Principal Financial Group Inc., Des Moines, Iowa, will begin informing eligible policyholders Dec. 10 about their demutualization compensation.

Principal is mailing forms that will describe the form and amount of compensation going to each policyholder.

Any policyholder who is receiving shares of stock should get a written confirmation of share ownership, Principal says.

Principal, formerly a policyholder-owned mutual, recently converted to a stock charter and sold some shares of stock to the public.

The company says it is compensating the policyholders for their loss of ownership rights by paying them the full pre-conversion value of the company in the form of stock, cash and policy credits.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.