Customers Bancorp 6.45% Fixed to Floating Non Cumulative Perpetual Preferred Stock, Series E
By: Tim McPartland,
Date Issued 4/20/2016
Shares Issued 2,000,000 Overallotment Shares 300,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol CUBI-E OTC Temp Ticker CUBBP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 6/15/2016
Quarterly Dividend .403 Annual Dividend 1.6125
Dividend coupon will be fixed at 6.45% until 6/14/2021 and then will float at a rate of 3 month libor plus 5.14% recalculated quarterly.
Securities may be redeemed, at the issuers option, as early as 6/15/2021 for a redemption price of $25/share plus accrued dividends
Dividend payments are LIKELY to be qualified distributions for preferential tax treament
Maturity Date None
Company Investor Relations Page for Customer Bancorp Inc
Below you can find the offering Prospectus and Final Pricing Documents
