Item 8.01 Other Events.
On September 24, 2021, American Equity Investment Life Holding Company, through
affiliates (together, the "Company"), entered into agreements for BlackRock
Financial Management, Inc. ("BlackRock") and Conning, 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.
On January 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 its U.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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