NU Online News Service, March 16, 2004, 3:43 p.m. EST – American Equity Investment Life Holding Company, West Des Moines, Iowa, says it may seek up to $250 million from investors over the next few years.[@@]
American Equity, a company best known for selling fixed-rate and indexed annuities, has filed a shelf registration statement describing the proposed offering with the U.S. Securities and Exchange Commission. The registration statement says American Equity would raise the cash by issuing debt or selling trust preferred securities.
Filing a shelf registration statement is a way for a company to speed up the process of getting securities ready for sale once it decides to issue the securities.