CRBD

About CRBD

Corebridge Financial Inc. Preferred Stock 6.375% is a type of equity security offering a fixed dividend yield to its holders. This preferred stock is structured to provide investors with a set dividend rate of 6.375%, delivering a steady income stream. As a preferred stock, it typically gives priority over common stock in dividend distributions and claims on assets in the event of liquidation. Corebridge Financial Inc., a company involved in offering life insurance and various financial services, issues this preferred stock to raise capital while providing a relatively attractive yield compared to traditional debt instruments. This makes it a significant instrument for income-focused investors seeking diversification. Preferred stockholders generally do not have voting rights, but they benefit from the stability of predictable income and seniority over common equity holders. Corebridge Financial Inc.'s preferred stock plays a vital role in their capital structure, aiding in funding long-term growth objectives and maintaining financial flexibility in the competitive financial services sector.