Invesco to buy back $500 million of preferred shares from MassMutual at 18% premium
Invesco agreed on December 8, 2025 to repurchase 500,000 of its 5.9% Series A Preference Shares from MassMutual at $1,180 per share, an 18% premium to the $1,000 liquidation preference, which the filing describes as a $500 million repurchase. The deal is expected to close around mid-December 2025, and MassMutual will keep $2.5 billion of preferred shares and its roughly 18.3% stake in Invesco's common shares.
Key points
- Repurchase of 500,000 preferred shares at $1,180 per share, described as $500 million in total
- Price is an 18% premium to the $1,000 per share liquidation preference
- Closing expected around the middle of December 2025, five business days after the agreement date
- MassMutual will receive a prorated fourth-quarter 2025 dividend, payable March 2, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 09, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.