Affiliated Managers Group Inc 4.200% Junior Subordinated Notes due 2066 (MGRD) are fixed-income securities issued by Affiliated Managers Group Inc., a global asset management company based in the United States. These notes are unsecured and subordinated obligations of Affiliated Managers Group, and they pay a fixed interest rate of 4.200% per year.
The Junior Subordinated Notes due 2066 are perpetual securities that have no maturity date, but they may be redeemed by the issuer after a certain period, typically five years, or under certain other circumstances. These notes are listed on the New York Stock Exchange and can be traded like other securities.
Investing in fixed-income securities like Junior Subordinated Notes due 2066 carries certain risks, including the potential for interest rate fluctuations, changes in credit ratings, and issuer defaults. Additionally, the returns on these securities can be influenced by various factors, including economic conditions, inflation rates, and changes in the financial markets. Potential investors should carefully consider these risks before making any investment decisions.
As of February 2023, the current market value of Affiliated Managers Group Inc 4.200% Junior Subordinated Notes due 2066 is not readily available as it depends on various market factors, such as prevailing interest rates and the issuer's credit rating.
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