RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) today issued a reminder to warrant holders that the company’s publicly traded warrants to purchase common stock (NYSE: LNC WS) are set to expire on Wednesday, July 10, 2019.
The NYSE has notified the company that it will suspend trading in the warrants after the close of trading on Friday, July 5, 2019, so that all trades can be settled by Wednesday, July 10, 2019.
Any warrant not exercised prior to the Depository Trust & Clearing Corporation’s (DTCC) cutoff time on Wednesday, July 10, 2019, will expire and become void, and the holder will not receive any shares of Lincoln National Corporation common stock.
The warrants were originally issued to the United States Treasury Department on July 10, 2009, and were sold to the public in an auction process in September 2010. As of June 20, 2019, there were 42,900 warrants outstanding. The warrants have a current exercise price of $9.61 per share.
Holders of warrants who wish to exercise their warrants should contact their broker or the custodian through which they hold their warrants for instructions on how to exercise the warrants. Brokers and custodians are encouraged to contact DTCC well in advance of the expiration date to confirm the procedures for exercising warrants.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $253 billion in assets under management as of March 31, 2019. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Additionally, Lincoln is dedicated to upholding a diverse and inclusive organization and was recognized by Forbes as one of the Best Large Employers, Best Employers for Diversity, and Best Employers for Women and received a perfect score of 100 percent on both the Corporate Equality Index and Disability Equality Index. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.