July 31, 2013
/PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) announced today that its board of directors has declared a quarterly cash dividend of
per share on the Company's common shares.
The dividend will be payable
September 24, 2013
, to shareholders of record at the close of business on
September 10, 2013
The Company also reported that as a result of the Company's previously announced election to terminate the conversion right of its 7.0% Convertible Senior Debentures due 2016, holders of
principal amount of the Debentures exercised their conversion right in July and will receive approximately 4.7 million shares of our common stock. The conversion rate was equal to 184.3127 shares of common stock per
principal amount of Debentures converted. The remaining principal amount outstanding of the Debentures is
. The conversion right terminated at the close of business on
July 30, 2013
CNO is a holding company. Our insurance subsidiaries – principally Bankers Life and Casualty Company, Washington National Insurance Company and Colonial Penn Life Insurance Company – serve pre-retiree and retired Americans by helping them protect against financial adversity and provide for a more secure retirement. For more information, visit CNO online at
SOURCE CNO Financial Group, Inc.