First Horizon To Redeem 6.10% Fixed To Floating Non-cumulative Perpetual Preferred Stock, Series D And Corresponding Series D Depositary Shares
Author: Benzinga Newsdesk | April 01, 2024 06:48am
The redemption price will be $25.00 per Series D Depository Share, corresponding to $10,000 per share of Series D Preferred Stock. Accrued dividends will not be included in either redemption price because the Redemption Date is also a dividend payment date. The regular Series D semi-annual dividend, which was declared in January, will be paid separately in the customary manner on May 1, 2024 to shareholders of record at the close of business on April 16, 2024.
Posted In: FHN