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

By: ,

Date Issued  4/24/2014

Advertisement.

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

S&P Rating   BB+   Moodys Rating   Ba1

Advertisement.

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

Advertisement.

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

 

Advertisement.

Company Investor Relations Page for Regions Financial

Below you can find the offering Prospectus and Final Pricing Document

Related Posts:

Tim McPartland

Connect with Tim McPartland

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.
X
Search Dividend Investor