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WesBanco Declares Quarterly Cash Dividend upon Its Perpetual Preferred Stock, Series A
Prnewswire· 2025-09-25 20:15
Core Points - WesBanco, Inc. has declared a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A, for the period from August 15, 2025, to November 15, 2025 [1] - The total cash dividend amounts to $16.875 per share of the Series A Preferred Stock outstanding, payable on November 15, 2025, to shareholders of record on November 1, 2025 [1] Company Overview - WesBanco, Inc. is a diversified, multi-state bank holding company with over 150 years of experience, focusing on community financial services [2] - The company has total assets of $27.6 billion, with $7.2 billion in Trust and Investment Services assets under management and $2.6 billion in securities account values as of June 30, 2025 [2]
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].
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].