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American National Completes Full Redemption of Outstanding Depositary Shares Representing Interests in its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B
Globenewswire· 2025-10-06 20:15
HOUSTON, Oct. 06, 2025 (GLOBE NEWSWIRE) -- American National Group Inc. (the “Company”) (NYSE: ANG PRB) today announced that the Company has completed the previously announced redemption (the “Redemption”) of all the 12,000 outstanding shares of its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B (the “Series B Preferred Stock”) and the corresponding 12,000,000 depositary shares, each representing a 1/1,000th interest in one share of Series B Preferred Stock (the “Depositary Shares”). The r ...
BNY Announces Redemption of 1,000,000 Depositary Shares, Each Representing a 1/100th Interest in a Share of its Series G Noncumulative Perpetual Preferred Stock
Prnewswire· 2025-09-11 13:00
Computershare Inc. and Computershare Trust Company, N.A., jointly, are the depositary (the "Depositary"), and Computershare Trust Company, N.A., is the transfer agent and registrar for the Series G Preferred Stock and the Depositary Shares. The Depositary's address and telephone number are as follows: The redemption date for the Series G Preferred Stock and the Depositary Shares will be the dividend payment date on September 20, 2025 (the "Redemption Date") and payment of the Redemption Payment (as define ...
American National Announces Full Redemption of Outstanding Depositary Shares Representing Interests in its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B and Intent to Voluntarily Delist and Deregister
Globenewswire· 2025-09-05 10:50
Core Viewpoint - American National Group Inc. will redeem all outstanding shares of its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B, on October 6, 2025, affecting 12,000 shares and corresponding depositary shares [1][2]. Group 1: Redemption Details - The redemption price for the Depositary Shares will be $25.00 per share, plus any declared but unpaid dividends and a portion of the quarterly dividend for the current period [2]. - The redemption will be executed through The Depository Trust Company (DTC), with Computershare Inc. acting as the redemption agent [3]. - Upon redemption, all rights related to the Series B Preferred Stock and Depositary Shares will cease, except for the right to receive the redemption price [4]. Group 2: Delisting and Deregistration - Following the redemption, the Company plans to delist the Depositary Shares from the New York Stock Exchange (NYSE) and deregister them with the Securities and Exchange Commission (SEC) [5]. - The Company will file a notification of removal from listing and registration on Form 25 with the SEC, and intends to file a certification on Form 15 for termination of registration [5]. Group 3: Company Overview - American National Group Inc. provides a wide range of insurance products and services through its subsidiaries, operating across all 50 U.S. states [6].
AGNC Investment Corp. Announces Pricing of Public Offering of Depositary Shares
Prnewswire· 2025-09-03 21:05
Core Viewpoint - AGNC Investment Corp. has announced a public offering of 12 million depositary shares, aiming to raise $300 million for various investments and corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 12,000,000 depositary shares priced at $25.00 each, representing a 1/1,000th interest in the Company's 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock [1]. - The underwriters have a 30-day option to purchase an additional 1,800,000 depositary shares to cover overallotments [1]. - The offering is expected to close around September 10, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to finance the acquisition of Agency and non-Agency securities, real estate-related assets, hedging instruments, and for general corporate purposes [2]. Group 3: Management and Registration - The offering is managed by a consortium of financial institutions including Morgan Stanley, Goldman Sachs, and J.P. Morgan, among others [3]. - The offering is made under AGNC's existing effective shelf registration statement filed with the SEC [4]. Group 4: Company Background - AGNC Investment Corp. is a leading investor in Agency residential mortgage-backed securities, leveraging financing primarily through repurchase agreements [6]. - The company has a history of providing substantial monthly dividend income, with over $14 billion in common stock dividends paid since its inception [7].
Argo Group International Holdings, Inc. Announces Full Redemption of Outstanding Depositary Shares Representing Interests in its 7.00% Resettable Fixed Rate Preferred Stock, Series A, and Full Redemption of Argo Group US, Inc.'s Outstanding 6.500% Senior
GlobeNewswire News Room· 2025-08-15 13:26
Core Viewpoint - Argo Group International Holdings, Inc. announced the redemption of all outstanding shares of its 7.00% Resettable Fixed Rate Preferred Stock, Series A, and its 6.500% Senior Notes due September 15, 2042, on September 15, 2025, as part of a strategic financial move [1]. Preferred Redemption - The redemption price for the Depositary Shares will be $25.00 per share, plus any declared and unpaid dividends, and the portion of the quarterly dividend attributable to the current period that has not been declared and paid [2]. - Upon completion of the Preferred Redemption, no Series A Preferred Stock or Depositary Shares will remain outstanding, and all rights related to them will cease, except for the right to receive the Preferred Redemption Price [4]. Notes Redemption - The Notes will be redeemed at 100% of their principal amount plus accrued and unpaid interest up to the Redemption Date [5]. - After the Redemption Date, interest on the Notes will cease to accrue [5][7]. Payment and Procedures - Payments for the Depositary Shares will be made by Equiniti Trust Company, LLC, the Company's redemption agent, following the procedures of The Depository Trust Company [3]. - Payments for the Notes will be made by Computershare Trust Company, N.A., as trustee, in accordance with the governing terms [6]. Delisting and Deregistration - Following the Redemption, the Company plans to delist the Depositary Shares and the Notes from the New York Stock Exchange and to deregister them with the Securities and Exchange Commission [9].
Wintrust Financial Corporation Announces Redemption of All Outstanding Series D and Series E Preferred Stock and Related Depositary Shares
Globenewswire· 2025-06-13 20:05
Core Points - Wintrust Financial Corporation will redeem all shares of its Series D and Series E Preferred Stock on July 15, 2025, at a price of $25.00 per share for Series D and $25,000 per share for Series E [1][2] - The redemptions will be funded by net proceeds from a public offering of Series F Preferred Stock completed on May 22, 2025 [1] - Regular quarterly dividends will be paid on the Redemption Date to holders of record as of July 1, 2025, but the redemption price will not include any accrued and unpaid dividends [3] Company Overview - Wintrust is a financial holding company listed on the NASDAQ Global Select Market, operating over 200 retail banking locations through 16 community bank subsidiaries across several states [5] - The company provides a range of services including residential mortgage origination, wealth management, and commercial financing [5]
Comerica Announces Full Redemption of its Series A Preferred Stock and Related Depositary Shares
Prnewswire· 2025-06-10 12:00
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].
Athene Announces Redemption of All Outstanding Series C Preferred Stock and Related Depositary Shares
Globenewswire· 2025-05-30 20:15
Core Viewpoint - Athene Holding Ltd. will redeem all outstanding shares of its 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C, along with the corresponding depositary shares on June 30, 2025 [1][2]. Group 1: Redemption Details - The Series C Preferred Stock will be redeemed on the upcoming dividend payment date, with all 24,000,000 depositary shares being redeemed [2]. - The redemption price for the depositary shares is set at $25.00 per share, equivalent to $25,000 per share of Series C Preferred Stock [3]. - No further dividends will be declared or paid following the redemption date, and the regular quarterly dividend will be paid separately to holders of record on June 15, 2025 [3]. Group 2: Company Overview - Athene is a leading retirement services company with over $380 billion in total assets as of March 31, 2025, and operates in the United States, Bermuda, Canada, and Japan [5]. - The company focuses on providing financial security through a range of retirement income and savings products, also serving as a solutions provider to corporations [5].
First Busey Corporation Closes Depositary Share Offering
Globenewswire· 2025-05-20 21:00
Core Viewpoint - First Busey Corporation successfully closed a public offering of 8,600,000 depositary shares, raising approximately $207.48 million, which will enhance its capital structure and support future growth initiatives [1]. Group 1: Offering Details - The public offering included 8,600,000 depositary shares, with each share representing a 1/40th ownership interest in a share of 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock [1]. - The liquidation preference for each share is $1,000, equivalent to $25.00 per depositary share [1]. - The offering was managed by Piper Sandler & Co., Morgan Stanley & Co. LLC, and Keefe, Bruyette & Woods, Inc. as joint bookrunning managers [2]. Group 2: Financial Profile - As of March 31, 2025, First Busey Corporation had total assets of $19.46 billion [4]. - Busey Bank, a wholly-owned subsidiary, reported total assets of $11.98 billion [5]. - CrossFirst Bank, another subsidiary, had total assets of $7.45 billion and is set to merge with Busey Bank on June 20, 2025 [6]. Group 3: Wealth Management and Technology Services - Busey Bank's Wealth Management division manages assets totaling $13.68 billion, offering a range of services including asset management and tax preparation [7]. - FirsTech, a subsidiary of Busey Bank, specializes in financial technology solutions for small and medium-sized businesses, providing various payment technology services [8]. Group 4: Recognition and Awards - Busey was ranked 88th among America's Best Banks by Forbes in 2025 and received multiple accolades for being a great workplace [9].
Wintrust Financial Corporation Announces Pricing of $425 Million Preferred Stock Offering
Globenewswire· 2025-05-09 00:55
Core Viewpoint - Wintrust Financial Corporation has announced a public offering of 17 million depositary shares, aiming for gross proceeds of $425 million, with each share representing a 1/1,000th interest in its preferred stock [1][2]. Group 1: Offering Details - The offering consists of 17 million depositary shares priced at $25.00 each, totaling gross proceeds of $425 million before expenses [1]. - Each depositary share represents a 1/1,000th interest in Wintrust's 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F [1]. - The expected closing date for the offering is May 22, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Wintrust plans to use the net proceeds for general corporate purposes, which may include redeeming outstanding shares of Series D and Series E preferred stock, subject to Federal Reserve approval [2]. Group 3: Listing and Management - Wintrust intends to list the depositary shares on The Nasdaq Global Select Market under the symbol "WTFCN" [2]. - RBC Capital Markets is the sole book-running manager, with Keefe, Bruyette & Woods, Piper Sandler, and US Bancorp acting as co-managers for the offering [2]. Group 4: Company Overview - Wintrust is a financial holding company with over 200 retail banking locations across several states, providing a range of banking and non-banking services [5]. - The company operates under a philosophy of offering large bank resources while maintaining a community banking experience [5].