Banc of California Inc. 7% Non-Cumulative Perpetual Preferred Stock, Series E

By: ,

Date Issued    2/1/2016

Shares Issued   5,000,000    Overallotment Shares  750,000

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   BANC-E     OTC Temp Ticker  BNNCP 

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 06/15/2016

Quarterly Dividend   .4375      Annual Dividend   1.75

Securities may be redeemed, at the issuers option, as early as 03/15/2021 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Banc of California

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Below you can find the offering Prospectus and Final Pricing Document

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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