First Horizon Corporation Announces Redemption of Series B Preferred Stock and Corresponding Series B Depositary Shares
First Horizon Corporation (NYSE: FHN) has announced the redemption of all outstanding shares of its 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B and corresponding depositary shares (NYSE: FHN PRB). The redemption is scheduled for August 1, 2025, with a redemption price of $25.00 per Series B Depositary Share ($10,000 per Series B Preferred Stock share).
The regular Series B semi-annual dividend, previously declared in April, will be paid separately on August 1, 2025, to shareholders of record as of July 17, 2025. After the redemption, no Series B Preferred Stock or Series B Depositary Shares will remain outstanding.
First Horizon Corporation (NYSE: FHN) ha annunciato il rimborso di tutte le azioni in circolazione della sua 6,625% Azioni Preferred Perpetue Non Cumulative a Tasso Fisso-Variabile, Serie B e delle corrispondenti azioni depositarie (NYSE: FHN PRB). Il rimborso 猫 previsto per il 1掳 agosto 2025, con un prezzo di rimborso di 25,00 $ per azione depositaria Serie B (10.000 $ per azione Preferred Serie B).
Il dividendo semestrale ordinario della Serie B, precedentemente dichiarato ad aprile, sar脿 pagato separatamente il 1掳 agosto 2025 agli azionisti registrati al 17 luglio 2025. Dopo il rimborso, non rimarranno azioni Preferred Serie B n茅 azioni depositarie Serie B in circolazione.
First Horizon Corporation (NYSE: FHN) ha anunciado el reembolso de todas las acciones en circulaci贸n de su 6.625% Acciones Preferentes Perpetuas No Acumulativas de tasa fija a flotante, Serie B y las correspondientes acciones depositarias (NYSE: FHN PRB). El reembolso est谩 programado para el 1 de agosto de 2025, con un precio de reembolso de $25.00 por acci贸n depositaria Serie B ($10,000 por acci贸n preferente Serie B).
El dividendo semestral regular de la Serie B, declarado previamente en abril, se pagar谩 por separado el 1 de agosto de 2025 a los accionistas registrados al 17 de julio de 2025. Tras el reembolso, no quedar谩n acciones preferentes Serie B ni acciones depositarias Serie B en circulaci贸n.
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First Horizon Corporation (NYSE : FHN) a annonc茅 le remboursement de toutes les actions en circulation de ses actions privil茅gi茅es perp茅tuelles non cumulatives 脿 taux fixe-variable de 6,625 %, s茅rie B ainsi que des actions d茅pos茅es correspondantes (NYSE : FHN PRB). Le remboursement est pr茅vu pour le 1er ao没t 2025, avec un prix de remboursement de 25,00 $ par action d茅positaire de la s茅rie B (10 000 $ par action privil茅gi茅e de la s茅rie B).
Le dividende semestriel r茅gulier de la s茅rie B, pr茅c茅demment d茅clar茅 en avril, sera vers茅 s茅par茅ment le 1er ao没t 2025 aux actionnaires inscrits au registre au 17 juillet 2025. Apr猫s ce remboursement, il ne restera plus d鈥檃ctions privil茅gi茅es s茅rie B ni d鈥檃ctions d茅pos茅es s茅rie B en circulation.
First Horizon Corporation (NYSE: FHN) hat die R眉ckzahlung aller ausstehenden Aktien seiner 6,625% Fest-zu-Floating Nicht-kumulative Perpetual Preferred Stock, Serie B und der entsprechenden Hinterlegungsscheine (NYSE: FHN PRB) angek眉ndigt. Die R眉ckzahlung ist f眉r den 1. August 2025 geplant, mit einem R眉ckzahlungspreis von 25,00 $ pro Serie B Hinterlegungsschein (10.000 $ pro Serie B Preferred Stock Aktie).
Die regul盲re halbj盲hrliche Dividende der Serie B, die bereits im April erkl盲rt wurde, wird am 1. August 2025 separat an die am 17. Juli 2025 eingetragenen Aktion盲re ausgezahlt. Nach der R眉ckzahlung werden keine Serie B Preferred Stock oder Serie B Hinterlegungsscheine mehr ausstehen.
- Complete redemption indicates strong financial position and ability to manage capital structure
- Simplification of capital structure by eliminating one class of preferred stock
- Removal of a dividend-paying security from investment options for income-focused investors
The redemption price will be
Questions relating to the redemption should be directed to the redemption agent, Equiniti Trust Company LLC, at 1110 Centre Pointe Curve, Suite 101,
About First Horizon聽
First Horizon Corp. (NYSE: FHN), with
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FAQ
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