Preferred stock called for redemption
After giving effect to the partial redemption, 5,280 shares of the Series T Preferred Stock and 5,280,000 shares of the Series T Depositary Shares will remain outstanding. BB&T will also redeem all outstanding shares of its 5.625 percent Series E Non-Cumulative Perpetual Preferred Stock (Series E Preferred Stock) and the corresponding depositary shares representing fractional interests in the Series E Preferred Stock (Series E Depositary Shares). Payment to DTC of the redemption price for the Series I Depositary Shares to be redeemed will be made by Computershare Inc, as Depositary for the Series I Preferred Stock and as redemption agent, on the Redemption Date. The address for the redemption agent is: 250 Royall Street, Canton, Massachusetts 02021. The Preferred Stock Redemption Process While redemption rights are certainly a "perk" for preferred shareholders, they are not considered a ubiquitous element of modern preferred stock. On and after the redemption date, the Series C Preferred Stock will no longer be deemed outstanding, and no further dividends will be declared or payable on the Series C Preferred Stock. Callable preferred stock is the “best of both worlds,” so to speak - with callable preferred stock, you can enjoy the benefits of both equity and debt financing while avoiding the drawbacks. When you issue callable preferred stock, you can raise funds without having to make loan payments or give up a permanent stake in your company. Callable Shares. The prospectus for a callable preferred stock discloses the first date on which the corporation can call the stock. Normally, there is a waiting period, often five years, between the stock issue date and the first call date. Corporations set in advance the price they will pay for called shares.
Corporations that issue callable preferred stock have the right, but not the obligation, to redeem shares on or after the call date. The right to call the shares
Preferred stock is a form of stock which may have any combination of features not possessed Callability (ability to be redeemed before it matures), at the option of the corporation. Preferred shares in the U.S. normally carry a call provision, enabling the issuing corporation to repurchase the share at its (usually limited) 19 Sep 2019 Callable preferred stock is a type of preferred stock in which the issuer has the right to call in or redeem the stock at a pre-set price after a 23 Apr 2012 If the issuing company decides to call (redeem) your shares, the opportunity to cash in those gains evaporates instantly, as the market price will In other words, a preferred issued at $25 would be redeemed (called) at $25, of the original shares have been redeemed or repurchased by the company and
15 Oct 2019 The redemption date for the Preferred Stock and related Depositary Shares is November 15, 2019. The cash redemption price, payable on
The following lists the series of Preferred Shares ($25 per depositary share and date upon which such shares first will be subject to redemption at our option.
19 May 2019 Here are the ins and outs of buying preferred stock That means if interest rates are falling, the issuer has the right to call the stock back.
Perpetual preferred stock—This type of preferred stock has no fixed date on which invested capital will be returned to the shareholder (although there are redemption privileges held by the corporation); most preferred stock is issued without a redemption date. Putable preferred stock—These issues have a "put" privilege, whereby the holder may (under certain conditions) force the issuer to redeem shares. (5) Redemptions by certain regulated investment companies Except to the extent provided in regulations prescribed by the Secretary, subsection (a) shall apply to any distribution in redemption of stock of a publicly offered regulated investment company (within the meaning of section 67(c)(2)(B)) if—
23 Apr 2012 If the issuing company decides to call (redeem) your shares, the opportunity to cash in those gains evaporates instantly, as the market price will
used to redeem a portion of the outstanding preferred stock. The ultimate goal of either the regular call or redemption price or a stated sinking fund call price. 6 Dec 2019 If the higher yields of preferred securities have caught your eye, here's what you if or when the securities mature or are redeemed by the issuer, barring default. But the option of the issuer to call is just that—an option. 23 Aug 2016 However, preferred stocks can be called like many bonds, generally at a " Should a firm call a security early, the redemption price is par," she Get a complete list of preferred dividend stocks or preferred shares here along with dividend yield and current price including 52-week high and low. 19 May 2019 Here are the ins and outs of buying preferred stock That means if interest rates are falling, the issuer has the right to call the stock back.
BB&T will also redeem all outstanding shares of its 5.625 percent Series E Non-Cumulative Perpetual Preferred Stock (Series E Preferred Stock) and the corresponding depositary shares representing fractional interests in the Series E Preferred Stock (Series E Depositary Shares). Payment to DTC of the redemption price for the Series I Depositary Shares to be redeemed will be made by Computershare Inc, as Depositary for the Series I Preferred Stock and as redemption agent, on the Redemption Date. The address for the redemption agent is: 250 Royall Street, Canton, Massachusetts 02021.