Exhibit (c)(7)
Project Kinnick Special Committee Update Call November 28, 2020
Nov. ‘20 Dec. ‘ 20 Jan. ‘ 21 Feb. ‘ 21 Mar. ‘ 21 Apr. ‘ 21 May ‘ 21 Jun. ‘ 21 Quarterly Normal Dividend Special Dividend Negotiation Sign - to - Close Key Milestones Record 6/14 Record 3/15 Record 12/15 12/14 Ex - Date 12/31 Payable Project Kinnick – Illustrative Timeline Target announcement date before year - end FBL’s plan assumes $0.52 quarterly dividends in 2021 $1.50 special dividend is assumed for June 30, 2021. Historically, FBL has paid special dividends on March 31 st 4 - 6 months anticipated sign - to - close period 12/31 Sign Definitive Agreement 11/18 Declaration 2/24 Declaration 3/12 Ex - Date 3 /30 Payable 5/17 Declaration 6/11 Ex - Date 6/30 Payable ___________________________ Note: Dividend milestones estimated per Bloomberg. 5/17 Declaration 6/11 Ex - Date Record 6/14 6/30 Payable Anticipated Closing 1
Project Kinnick – Dividend History ___________________________ Source: FBL Financial’s Investor Relations website. Note: 4Q20 dividend is declared but not paid. $0.46 $0.46 $0.46 $0.46 $0.48 $0.48 $0.48 $0.48 $0.50 $0.50 $0.50 $0.50 $1.50 $1.50 $1.50 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 Summary of Dividend History Period 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 Ordinary $0.46 $0.46 $0.46 $0.46 $0.48 $0.48 $0.48 $0.48 $0.50 $0.50 $0.50 $0.50 Special $1.50 - - - $1.50 - - - $1.50 - - - Amount $1.96 $0.46 $0.46 $0.46 $1.98 $0.48 $0.48 $0.48 $2.00 $0.50 $0.50 $0.50 Declaration Date 3/1/18 5/17/18 8/27/18 11/14/18 2/27/19 5/16/19 8/22/19 11/20/19 2/26/20 5/18/20 8/27/20 11/18/20 Ex-Dividend Date 3/14/18 6/14/18 9/13/18 12/13/18 3/14/19 6/13/19 9/13/19 12/13/19 3/13/20 6/12/20 9/14/20 12/14/20 Record Date 3/15/18 6/15/18 9/14/18 12/14/18 3/15/19 6/14/19 9/16/19 12/16/19 3/16/20 6/15/20 9/15/20 12/15/20 Pay Date 3/29/18 6/29/18 9/28/18 12/31/18 3/29/19 6/28/19 9/30/19 12/31/19 3/31/20 6/30/20 9/30/20 12/31/20 Dividend History (2018 – 2020YTD) Special Dividends Ordinary Dividends 2
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