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Regions Financial 6.375% Fixed to Floating Non Cumulative Perpetual Preferred Stock

By: ,

Date Issued  4/24/2014  

Shares Issued  20,000,000   NO Over-allotment Shares

S&P Rating   BB   Moodys Rating   B1

Security Ticker Symbol   RF-B    OTC Temporary Ticker   RFNCL

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 9/15/2014

Quarterly Dividend   .398   Annual Dividend   1.594

After 9/15/2024 dividend will float at 3 month libor plus 3.536%

Securities may be redeemed, at the issuers option, as early as 9/15/2024 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 Regions Financial

Below you can find the offering Prospectus and Final Pricing Document

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