City National Corp 6.75% Fixed to Floating Non Cumulative Preferred

By: ,

S&P Rating   BBB-  Moodys Rating   Baa2

Security Ticker Symbol   CYN-D    Temp Ticker for OTC  CYNLL

Market Traded ON   NYSE


Dividend Payment Paid on the 7th of February, May, August and November beginning on 2/7/2014.

Quarterly Dividend   .422  Annual Dividend   1.6875

Rate will be fixed at 6.75% until 11/7/2023 then will float at 3 month libor plus 4.052%

Securities may be redeemed, at the issuers option, as early as 11/07/2023  the call price is $25 plus accrued dividends

Dividend Payment will likely be Qualified Distributions

Maturity Date   None


Company Investor Relations Page for City National Corp

Below you can find the offering Prospectus and/or Final Pricing Documents


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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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