AEFC · AEGON Funding Company LLC. 5.10% Subordinated Notes due 2049, cumulative · dividend, yield to call and par
Summary
AEFC is a cumulative preferred of Aegon Funding Company LLC. Par is $25.00. The coupon is 5.10%, fixed, paid as $0.3187 a quarter. It has been callable since Dec 2024. At 29% below par, a call is unlikely, so the main risk is interest rates. The issuer is an financing vehicle rated investment grade. The score is 7.2, Good.
4 payments a year. 21 paid since 2021, never changed.
Payments ↓The issuer can redeem at $25.00 at any time, which would hand a holder a 42% gain. Issuers call paper that is dear, not cheap. The risk here is rates, not the call.
Price history ↓5.10% of $25 for as long as the shares are outstanding. A cumulative dividend: a missed payment is still owed.
Questions ↓Preferred equity, senior to the common and below every note and bond. The credit pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Mar 1, 2027 | 03/15/27 | $0.3187 | 0.0% | estimated from the coupon |
| Nov 30, 2026 | 12/15/26 | $0.3187 | 0.0% | declared |
| Aug 31, 2026 | 09/15/26 | $0.3187 | 0.0% | paid |
| May 29, 2026 | 06/15/26 | $0.3187 | 0.0% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| AEFC this pageAEGON Funding Company LLC. 5.10% Subordinated Notes due 2049 | 7.22% | 5.1% | Investment grade | Callable now | 7.2 |
| CMSCCMS Energy Corp., 5.875% Junior Subordinated Notes due 10/15/2078 | 7.21% | 5.875% | Investment grade | Callable now | 7.1 |
| MS-EMorgan Stanley 7.125% Series E Fixed-to-Floating Preferred | 7.27% | 7.283% | Investment grade | Callable now | 6.2 |
| PSA-GPublic Storage, 5.05% Depositary Shares Cumulative Preferred Share Series G | 7.03% | 5.05% | Investment grade | None | 8.9 |
| WFC-LWells Fargo & Co., 7.50% Non-Cumul Perp Conv Cl A Preferred Stock, Series L | 7.00% | 7.5% | Investment grade | None | 7.3 |
Chosen from the 29 preferreds with open records: other issuers only, the same credit quality first, then the closest current yield. Mandatory convertibles are matched only with each other.
Questions about AEFC
How much does AEFC pay, and how often?
AEFC pays $1.27 a share a year. That is 5.1% of the $25.00 face value. At the November 9 close of $17.65, it is a 7.22% current yield.
When is AEFC’s next ex-dividend date?
November 30, 2026. The $0.32 payment is payable December 15. Aegon Funding Company LLC has declared it.
Are AEFC’s payments qualified dividends?
No. AEFC is a bond, so it pays interest, which is taxed as ordinary income.
Can AEFC be called?
Yes. The first call date was December 15, 2024, so Aegon Funding Company LLC can redeem the shares at $25.00 at any time. The shares trade at $17.65, 29% below that price.
Does AEFC have a maturity date?
Yes. Aegon Funding Company LLC must repay the $25.00 on December 15, 2049.
What is AEFC’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is AEFC’s Income Quality Score?
AEFC scores 7.2 out of 10, in the Good tier, computed on November 9, 2026 from filings and market data. The score weighs four pillars: coverage and protection, credit, buyback economics, and structure. Credit is the lowest, at 5.5. The methodology page explains each pillar.
Payments from issuer declarations; terms from the prospectus on SEC EDGAR; price from licensed market data, delayed 15 minutes. Credit quality shows Investment grade, High yield or Not rated. The Income Quality Score is computed from filings and market data; the methodology page lists each class’s pillars. IQS describes a security. It is not investment advice or a recommendation to buy, sell or hold.
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