Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wed, April 24, 7:16 AM
This Slide: #130 of 620 |
Slide #130. Stifel Financial Corp. — Preferred Stock Offering
Company:
Stifel Financial Corp. (NYSE:SF)
Date announced:
5/12/2020
Shares Offered:
8,000,000
Date of Pricing:
5/12/2020
Price Per Share:
$25.00
Preferred Stock Offering Details:
Stifel Financial Corp. (NYSE: SF) today announced it has priced an underwritten registered public offering of 8,000,000 depositary shares ($200 million of aggregate public offering price), each representing a 1/1000th interest in a share of perpetual 6.125% Non-Cumulative Preferred Stock, Series C, $1.00 par value, with a liquidation preference of $25,000 per share (equivalent to $25 liquidation preference per depositary share).
Stifel Financial is a financial holding company. Through its subsidiaries, Co. is engaged in retail brokerage; securities trading; investment banking; investment advisory; retail, consumer, and commercial banking; and related financial services. Co.'s segments are: Global Wealth Management, which provides securities transaction, brokerage, and investment services to its clients through the consolidated Stifel branch system; Institutional Group, which includes research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate; and Other, which includes interest income from stock borrow activities and processing of securities transactions.
Preferreds: SF.PRA, SF.PRB, SF.PRC, SF.PRD
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Buy (3.00 out of 4) 31st percentile
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