WASHINGTON (dpa-AFX) - Lincoln Financial Group (LNC) Thursday announced that
it agreed to sell its wealth management business to Osaic, Inc.

The transaction is expected to provide about $700 million of capital benefit to
Lincoln upon closing, which is anticipated to be used primarily to increase the
company's risk-based capital ratio.

Lincoln also plans to use a portion of the capital benefit to reduce its
leverage ratio. There are no expected material impacts to ongoing free cash flow
or earnings as a result of this transaction.

The transaction is expected to close in the first half of 2024, subject to
customary closing conditions, including regulatory approvals.

The transaction will include the sale to Osaic of Lincoln Financial Advisors
Corporation (LFA) and Lincoln Financial Securities Corporation (LFS) - the
company's two independent broker-dealer and registered investment advisory
firms.



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