Raymond James Announces Full Redemption of its Series B Preferred Stock and Related Depositary Shares

Core Points - Raymond James Financial, Inc. will redeem all 80,500 outstanding shares of its 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock on January 2, 2026 [1] - The redemption price will be $1,000.00 per share of Series B Preferred Stock and $25.00 per Series B Depositary Share, excluding any declared and unpaid dividends [1] - After the redemption, no shares of Series B Preferred Stock or Series B Depositary Shares will remain outstanding [1] Company Overview - Raymond James Financial, Inc. is a diversified financial services company providing services such as private client group, capital markets, asset management, and banking [3] - The company manages total client assets amounting to $1.75 trillion [3] - Raymond James has been publicly traded since 1983 and is listed on the New York Stock Exchange under the symbol RJF [3]