Comerica Announces Full Redemption of its Series A Preferred Stock and Related Depositary Shares

Core Viewpoint - Comerica Incorporated announced the redemption of all outstanding shares of its 5.625% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, along with the corresponding depositary shares, effective July 1, 2025 [1][2]. Group 1: Redemption Details - The redemption will occur at a price of $1,000 per Depositary Share, which is equivalent to $100,000 per share of Preferred Stock [2]. - The redemption price does not include any declared and unpaid dividends, which will be paid separately on the same date [2]. - All regulatory requirements for the redemption have been satisfied, and the process will follow the applicable procedures of The Depository Trust Company [3]. Group 2: Company Overview - Comerica is a financial services company headquartered in Dallas, Texas, operating through three business segments: The Commercial Bank, The Retail Bank, and Wealth Management [5]. - As one of the 25 largest commercial U.S. financial holding companies, Comerica has a significant presence across multiple states and services major metropolitan areas [5]. - The company reported total assets of $77.6 billion as of March 31, 2025 [5].