Brighthouse Financial Announces Preferred Stock Dividend and Related Depositary Share Distribution

CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (the “company”) (Nasdaq: BHF) today
announced that on June 25, 2019, holders of record as of June 10, 2019
(the “Record Date”) of its depositary shares (the “Depositary Shares”
(Nasdaq: BHFAP)), each representing a 1/1,000th interest in a share of
its 6.600% Non-Cumulative Preferred Stock, Series A (the “Preferred
Stock”), will receive a quarterly distribution in an amount of $0.4125
per Depositary Share resulting from the company’s declaration of a
quarterly dividend on the Preferred Stock, which underlies the
Depositary Shares. On June 25, 2019, this Preferred Stock dividend will
be paid, in an amount of $412.50 per share, to the depositary for the
Preferred Stock. The depositary will, in turn, distribute such dividend
to the holders of record of the Depositary Shares as of the Record Date.

Note Regarding Forward-Looking Statements

This news release and other oral or written statements that we make from
time to time may contain information that includes or is based upon
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve
substantial risks and uncertainties. We have tried, wherever possible,
to identify such statements using words such as “anticipate,”
“estimate,” “expect,” “project,” “may,” “will,” “could,” “intend,”
“goal,” “target,” “guidance,” “forecast,” “preliminary,” “objective,”
“continue,” “aim,” “plan,” “believe” and other words and terms of
similar meaning, or that are tied to future periods, in connection with
a discussion of future operating or financial performance. In
particular, these include, without limitation, statements relating to
future actions, prospective services or products, future performance or
results of current and anticipated services or products, sales efforts,
expenses, the outcome of contingencies such as legal proceedings, trends
in operating and financial results, as well as statements regarding the
expected benefits of the separation from MetLife, Inc.

Any or all forward-looking statements may turn out to be wrong. They can
be affected by inaccurate assumptions or by known or unknown risks and
uncertainties. Many such factors will be important in determining the
actual future results of Brighthouse Financial. These statements are
based on current expectations and the current economic environment and
involve a number of risks and uncertainties that are difficult to
predict. These statements are not guarantees of future performance.
Actual results could differ materially from those expressed or implied
in the forward-looking statements due to a variety of known and unknown
risks, uncertainties and other factors. Risks, uncertainties, and other
factors that might cause such differences include the risks,
uncertainties and other factors identified in Brighthouse Financial’s
most recent Annual Report on Form 10-K filed with the U.S. Securities
and Exchange Commission (the “SEC”), particularly in the sections
entitled “Risk Factors” and “Quantitative and Qualitative Disclosure
About Market Risk” as well as in Brighthouse Financial’s subsequent
filings with the SEC. Further, any forward-looking statement speaks only
as of the date on which it is made, and Brighthouse Financial does not
undertake any obligation to update or revise any forward-looking
statement to reflect events or circumstances after the date on which the
statement is made or to reflect the occurrence of unanticipated events,
except as otherwise may be required by law.

About Brighthouse Financial, Inc.

Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) is on
a mission to help people achieve financial security. As one of the
largest providers of annuities and life insurance in the U.S., we
specialize in products designed to help people protect what they’ve
earned and ensure it lasts. Learn more at brighthousefinancial.com.

Contacts

FOR INVESTORS
David Rosenbaum
(980) 949-3326
david.rosenbaum@brighthousefinancial.com

FOR MEDIA
Meghan Lantier
(980) 949-4142
mlantier@brighthousefinancial.com