-

Jefferies and MassMutual Announce Conversion of Preferred Shares

NEW YORK & SPRINGFIELD, Mass.--(BUSINESS WIRE)--Jefferies Financial Group Inc. (“Jefferies”) (NYSE: JEF) and Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today that MassMutual has converted 125,000 3.25% Series A Cumulative Convertible Preferred Shares of Jefferies into 4,654,362 shares of Jefferies common stock.

Rich Handler, Jefferies’ CEO, and Brian Friedman, its President, commented: “This is another very important milestone in our 33-year relationship with MassMutual that has been meaningful and successful for our shareholders, clients and employees. We are pleased that MassMutual chose to become common shareholders of Jefferies and look forward to many more years of collaboration and partnership between MassMutual and Jefferies.”

Roger Crandall, Chairman, President and CEO of MassMutual, stated: “We are pleased to build on the strong, long-term relationship we have established with Jefferies over the years. We have watched Jefferies build itself into a leading financial services firm and look forward to exploring additional ways of working together for the benefit of our policyowners and customers.”

About Jefferies

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies and governments.

About MassMutual

MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. Founded in 1851, the company has been continually guided by one consistent purpose: we help people secure their future and protect the ones they love. With a focus on delivering long-term value, MassMutual offers a wide range of protection, accumulation, wealth management and retirement products and services. For more information, visit massmutual.com.

Source: Jefferies Financial Group Inc.

Contacts

Jefferies Financial Group Inc.
Jonathan Freedman
212-778-8913
mediacontact@jefferies.com

Massachusetts Mutual Life Insurance Company
Chelsea Haraty
413-426-2008
chelseaharaty@massmutual.com

Industry:

Jefferies Financial Group Inc.

NYSE:JEF
Release Versions
English

Contacts

Jefferies Financial Group Inc.
Jonathan Freedman
212-778-8913
mediacontact@jefferies.com

Massachusetts Mutual Life Insurance Company
Chelsea Haraty
413-426-2008
chelseaharaty@massmutual.com

More News From Jefferies Financial Group Inc.

Jefferies Financial Group Inc. Announces Pricing of $1,500,000,000 5.500% Senior Notes Due 2036

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) (“JFG”, “we” or “our”) today announced the pricing of its public offering of $1.5 billion aggregate principal amount of 5.500% Senior Notes due 2036 (the “Notes”) with an effective yield of 5.605%, maturing February 15, 2036. The offering is expected to settle on January 16, 2026, subject to the satisfaction of customary closing conditions. JFG intends to use the net proceeds of the offering for general corporate purposes. Je...

Jefferies Announces Fourth Quarter 2025 Financial Results

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF): Q4 Financial Highlights $ in thousands, except per share amounts Quarter End Year-to-Date   4Q25 4Q24 2025 2024 Net earnings attributable to common shareholders $ 190,890   $ 205,746   $ 630,791   $ 669,273   Adjusted net earnings attributable to common shareholders15 $ 213,460   $ 205,746   $ 653,361   $ 669,273   Diluted earnings per common share from continuing operations $ 0.87   $ 0.91   $ 2.85   $ 2.96   Adjusted dilut...

Jefferies to Release its Fourth-Quarter and Annual 2025 Financial Results on January 7, 2026

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) today announced it will release its fourth-quarter and annual 2025 financial results on Wednesday, January 7, 2026 after market close. About Jefferies Jefferies (NYSE: JEF) is one of the world’s leading full-service investment banking and capital markets firms. We primarily serve public companies, private companies, and their sponsors and owners, institutional investors, and government entities. Our services are enhanced by o...
Back to Newsroom