Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, August 14, 9:04 PM
|This Slide: #32 of 582|
Slide #32. Stifel Financial Corp. — Preferred Stock Offering
Stifel Financial Corp. (NYSE:SF)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Stifel Financial Corp. (NYSE: SF) today announced it has priced an underwritten registered public offering of 12,000,000 depositary shares ($300 million of aggregate public offering price), each representing a 1/1000th interest in a share of perpetual 4.50% Non-Cumulative Perpetual Preferred Stock, Series D, $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. Co.'s principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. Co.'s principal activities are: private client services; institutional equity and fixed income sales, trading and research, and municipal finance; investment banking services; and retail and commercial banking. Co. has the following segments: Global Wealth Management, which provides securities transaction, brokerage, and investment services; and Institutional Group, which includes research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 76% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com