EX-25.2 7 tm223992d2_ex25-2.htm EXHIBIT 25.2

Exhibit 25.2

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM T-1

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

 CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY

OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) [ ]

 

 

  

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

N/A   95-3571558

(State of incorporation

if not a U.S. national bank)

 

(I.R.S. employer

identification no.)

   
400 South Hope Street, Suite 500   90071
Los Angeles, California   (Zip code)
(Address of principal executive offices)    

 

Legal Department

The Bank of New York Mellon Trust Company, N.A.

240 Greenwich Street

New York, NY 10286

(212) 635-1270

(Name, address and telephone number of agent for service)

 

 

 

JACKSON FINANCIAL INC.

(Exact name of obligor as specified in its charter)

 

Delaware   98-0486152

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

   
1 Corporate Way   48951
Lansing, Michigan   (Zip code)
(Address of principal executive offices)    

 

Subordinated Debt Securities

(Titles of the indenture securities)

 

  

 

 

Item 1. General Information. Furnish the following information as to the trustee:

 

(a) Name and address of each examining or supervising authority to which it is subject.

 

Name Address
Comptroller of the Currency – United States Department of the Treasury Washington, D.C. 20219
Federal Reserve Bank San Francisco, California 94105
Federal Deposit Insurance Corporation Washington, D.C. 20429

 

(b) Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

Items 3-15. No responses are included for Items 3 through 15. Responses to those Items are not required because, as provided in General Instruction B, the obligor is not in default on any securities issued under indentures under which The Bank of New York Mellon Trust Company N.A. is a trustee.

 

Item 16.

List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

   
Exhibit 1. A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A. (Exhibit 1 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).
   
Exhibit 2. A copy of certificate of authority of the trustee to commence business (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
   
Exhibit 3. A copy of the authorization of the trustee to exercise corporate trust powers.  (Exhibit 3 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).
   
Exhibit 4. A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).
   
Exhibit 5. Not applicable.
   
Exhibit 6. The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).
   
Exhibit 7. A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.
   
Exhibit 8. Not applicable.
   
Exhibit 9. Not applicable.

 

  

 

 

SIGNATURE

 

Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago and State of Illinois, on the 26th day of January, 2022.

 

  THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
   
 

/s/ Lawrence M. Kusch

  Name:    Lawrence M. Kusch
  Title:      Vice President

 

  

 

 

EXHIBIT 7

 

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 400 South Hope Street, Suite 500, Los Angeles, CA 90071

 

At the close of business September 30, 2021, published in accordance with Federal regulatory authority instructions.

 

ASSETS
 
Cash and balances due from
depository institutions:
Noninterest-bearing balances and currency and coin   3,451 
Interest-bearing balances   401,237 
Securities:
Held-to-maturity securities   0 
Available-for-sale debt securities   51,411 
Equity securities with readily determinable fair values not held for trading   0 
Federal funds sold and securities
purchased under agreements to resell:     
Federal funds sold in domestic offices   0 
Securities purchased under agreements to resell   0 
Loans and lease financing receivables:
Loans and leases held for sale   0 
Loans and leases, held for investment   0 
LESS: Allowance for loan and lease losses   0 
Loans and leases held for investment, net of allowance   0 
Trading assets   0 
Premises and fixed assets (including capitalized leases)   20,136 
Other real estate owned   0 
Investments in unconsolidated subsidiaries and associated companies   0 
Direct and indirect investments in real estate ventures   0 
Intangible assets   856,313 
Other assets   90,056 
      
Total assets  $1,422,604 

 

[Table continues on following page]

  

 

 

LIABILITIES
 
Deposits:
In domestic offices   749 
Noninterest-bearing   749 
Interest-bearing   0 
Federal funds purchased and securities
sold under agreements to repurchase:     
Federal funds purchased in domestic offices   0 
Securities sold under agreements to repurchase   0 
Trading liabilities   0 
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases).   0 
Not applicable
Not applicable
Subordinated notes and debentures   0 
Other liabilities   269,306 
Total liabilities   270,055 
Not applicable
      
EQUITY CAPITAL     
      
Perpetual preferred stock and related surplus   0 
Common stock   1,000 
Surplus (exclude all surplus related to preferred stock)   324,707 
Not available
Retained earnings   826,156 
Accumulated other comprehensive income   686 
Other equity capital components   0 
Not available     
Total bank equity capital   1,152,549 
Noncontrolling (minority) interests in consolidated subsidiaries   0 
Total equity capital   1,152,549 
Total liabilities and equity capital   1,422,604 

 

I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

 

Matthew J. McNulty )      CFO

 

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

 

Antonio I. Portuondo, President )      
Michael P. Scott, Managing Director      )      Directors (Trustees)
Kevin P. Caffrey, Managing Director      )