Item 8.01 Other Events. OnSeptember 24, 2021 ,American Equity Investment Life Holding Company , through affiliates (together, the "Company"), entered into agreements forBlackRock Financial Management, Inc. ("BlackRock") andConning, Inc. to manage the Company's core fixed income and private placement investments, a significant majority of the Company's consolidated investment portfolio. The Company expects BlackRock to initially manage approximately$50 billion in assets, adjustable based on Company asset allocation decisions. Under the BlackRock agreement, the Company may move assets into or out of BlackRock management on a few days' notice. BlackRock's agreement has an indefinite term, but either party may terminate the agreement with 60 days notice (effective after the Company has a new manager ready). BlackRock's fees will be based on assets under management for the Company. The Company does not expect its resulting overall investment services costs to materially increase. OnJanuary 26, 2021 a BlackRock affiliate publicly disclosed 14.7% aggregate ownership by BlackRock and its affiliates of the Company's outstanding common stock on Form 13G/A. A BlackRock affiliate also manages a portion of the Company's infrastructure investment portfolio and licenses a risk management analytics tool to the Company. The forward-looking statements in this disclosure, such as expect and will, as well as specific projections of future results, are based on assumptions and expectations that involve risks and uncertainties, including the "Risk Factors" the company describes in itsU.S. Securities and Exchange Commission filings. The Company's future results could differ, and it has no obligation to correct or update any of these statements.
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