First Horizon Corporation Announces Redemption of Series B Preferred Stock and Corresponding Series B Depositary Shares

Core Viewpoint - First Horizon Corporation will redeem all outstanding shares of its 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, on August 1, 2025, with no shares remaining outstanding after the redemption [1][2]. Redemption Details - The redemption price is set at $25.00 per Series B Depository Share, equating to $10,000 per share of Series B Preferred Stock [2]. - Accrued dividends will not be included in the redemption price since the Redemption Date coincides with a dividend payment date [2]. - The regular semi-annual dividend declared in April will be paid separately on August 1, 2025, to shareholders of record as of July 17, 2025 [2]. Company Overview - First Horizon Corporation, with $81.5 billion in assets as of March 31, 2025, is a prominent regional financial services company headquartered in Memphis, TN [4]. - The company operates in 12 states across the southern U.S. and offers a range of services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [4]. - First Horizon has received recognition as one of the nation's best employers by Fortune and Forbes magazines and is listed as a Top 10 Most Reputable U.S. Bank [4].