Management Changes, Top Recognitions, Final Offers, Divestitures and Cash Distributions - Research Report on Genworth Financial, Lincoln National, American Equity, ING, and Manulife Editor Note: For more information about this release, please scroll to bottom. PR Newswire NEW YORK, October 24, 2013 NEW YORK, October 24, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting Genworth Financial Inc. (NYSE: GNW), Lincoln National Corp. (NYSE: LNC), American Equity Investment Life Holding Co. (NYSE: AEL), ING Groep NV (NYSE: ING), and Manulife Financial Corporation (NYSE: MFC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Genworth Financial Inc. Research Report On October 21, 2013, Genworth Financial Inc. (Genworth) announced that Patrick B. Kelleher, the Company's Executive Vice President and CEO of the U.S. Life Insurance division, is leaving the Company effective December 31, 2013. Genworth stated that Tom McInerney, Genworth's President and CEO will work closely with Kelleher to transition responsibilities and will serve as Interim CEO for the U.S. Life Insurance division, until his replacement for the role has been finalized. Tom McInerney, President and CEO, stated, "On behalf of the Board and the employees at Genworth, I'd like to thank Pat for his dedication to Genworth and valuable contributions over the years and wish him well for the future. Under Pat's leadership as CFO during the financial crisis and more recently as chief executive officer of the U.S. Life Insurance division, Genworth has made progress building financial flexibility, improving capital ratios, and repositioning the long term care insurance business--through important steps such as implementing appropriate levels of rate actions on our in-force business." The Full Research Report on Genworth Financial Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0cc4_GNW] -- Lincoln National Corp. Research Report On October 21, 2013, Lincoln National Corp. (LNC) announced that Jamie DePeau, Senior Vice President and Chief Marketing Officer, has been named one of the Top 25 Marketers for 2013 by BtoB Magazine. LNC stated that DePeau is one of the 25 executives honored this year for their creative excellence in b-to-b advertising. Lisa Buckingham, Executive Vice President and Chief Human Resources Officer of LNC stated, "With a talented leader like Jamie driving our marketing strategy, our corporate brand continues to reach new levels. Jamie has raised the bar for us, not only with the Chief Life Officer campaign, but with other platforms and programs she manages that have created engaging ways to reach consumers. We could not be more proud of her for this achievement, and we congratulate her on her success." The Full Research Report on Lincoln National Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/92ca_LNC] -- American Equity Investment Life Holding Co. Research Report On October 21, 2013, American Equity Investment Life Holding Co. (American Equity) announced the final offer consideration in its exchange offers to purchase for cash and newly issued shares of its common stock, any and all of its $200 million principal amount of outstanding 3.50% convertible senior notes due 2015 and any and all of its c.$115.8 million principal amount of outstanding 5.25% contingent convertible senior notes due 2029. The Company informed that the final 2015 Notes Offer Consideration offered per $1,000 principal amount of 2015 notes accepted for exchange in the exchange offer is $1,750.52. Additionally, the final 2029 Notes Offer Consideration offered per $1,000 principal amount of 2029 notes accepted for exchange in the exchange offer is $2,233.28. The Full Research Report on American Equity Investment Life Holding Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/53f4_AEL] -- ING Groep NV Research Report On October 21, 2013, ING Groep NV (ING) announced that it plans to sell approximately 30 million shares of common stock of ING U.S. Inc. (ING U.S.) in an SEC-registered public offering, which represents an 11.5% stake in its U.S.-based retirement, investment, and insurance subsidiary. ING stated that it intends to use the proceeds of the planned transaction for the reduction of Group core debt. The Company added that following the sale, its stake in ING U.S. will reduce from c.71% to c.60%. Further, under the planned offering, the Company stated that it would grant the underwriters for the transaction an option to purchase up to 4.5 million additional shares, which if fully exercised would further reduce the Company's stake to c.58%. The Full Research Report on ING Groep NV - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5304_ING] -- Manulife Financial Corporation Research Report On October 21, 2013, Manulife Floating Rate Senior Loan Fund (a fund managed by Manulife Financial Corporation) announced that a monthly cash distribution of approximately C$0.056 per Class A Unit of the Fund and c.US$0.056 per Class U Unit of the Fund, will be paid on November 15, 2013, to unitholders of record as of October 31, 2013. The Company also stated that a unitholder who has continually held units since inception will have received a total of approximately C$0.28 per Class A Unit and c.US$0.28 per Class U unit as of the payment date. The Full Research Report on Manulife Financial Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4d24_MFC] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. 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Management Changes, Top Recognitions, Final Offers, Divestitures and Cash Distributions - Research Report on Genworth Financial,
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