Regions Financial 5.70% Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C

By: ,

Date Issued  4/23/2019

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

S&P Rating   BB+   Moodys Rating   Ba1

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Security Ticker Symbol   RF-C   OTC Temporary Ticker   RXFCL

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of February, May, August and November beginning on 8/15/2019

Quarterly Dividend .356    Annual Dividend   1.425

The coupon will be fixed until 8/15/2029 after which the dividend will float at 3 month libor plus 3.148%

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Securities may be redeemed, at the issuers option, as early as 8/15/2029 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

Click here to find the offering Prospectus and/or Final Pricing Document

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