People’s United Financial Inc. 5.625% Fixed-to-Floating Non Cumulative Perpetual Preferred Stock Series A

By: ,

Date Issued  10/24/2016

Shares Issued   10,000,000      Overallotment Shares  None

S&P Rating   BB+   Moodys Rating   Ba1

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Security Ticker Symbol   PBCTP       OTC Grey Market Ticker  PPLUP

Market Traded ON   NASDAQ

Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2016

Quarterly Dividend   .352   Annual Dividend   1.406

Dividend rate is fixes at 5.625% until 12/14/2026.  After this date the dividend rate will float at a rate of 3 month libor plus 4.02%

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Securities may be redeemed, at the issuers option, as early as 12/15/2026  the call price is $25 plus accrued dividends

Dividend Payment will be Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for People’s United Financial Inc.

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