TCF Financial Corporation 5.70% Series C Non-Cumulative Preferred Stock
By: Tim McPartland,
Date 9/7/2017
Shares Issued 7,000,000 Overallotment None
S&P Rating BB- Moodys Rating Ba1
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Security Ticker Symbol TCFCP OTC Grey Market TCFFP
Market Traded ON NYSE
Dividend Payment Paid on the 1st of March, June, September and December beginning on 12/01/2017
Quarterly Dividend .356 Annual Dividend 1.425
Securities may be redeemed, at the issuers option, as early as 12/01/2022 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for TCF Financial
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Click here to find the offering Prospectus and Final Pricing Document
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Tim McPartland
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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.
