Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, April 1, 4:33 PM

Slide #569. City National Corporation Preferred Stock Offering

Company: City National Corporation (NASDAQ:CYN)
Shares Offered: 7,000,000
Date of Pricing: 11/5/2012
Price Per Share: $25
Preferred Stock Offering Details: City National Corporation, the parent company of wholly owned City National Bank, today priced a public offering of $175 million in 5.50 percent non-cumulative perpetual preferred stock, which qualifies as Tier 1 capital. The company is offering 7 million depositary shares at a price of $25 per share. Each depositary share represents a 1/40th interest in a share of its Series C preferred stock. Net proceeds will be used for general corporate purposes, including debt repayment. The offering is expected to close on or about November 13, 2012, subject to customary closing conditions.

Cyngn is an autonomous vehicle (AV) technology company. Co. is engaged in develops autonomous driving software that can be deployed on multiple vehicle types in various environments. Co. designs the Enterprise Autonomy Suite (EAS), a suite of technologies and tools into three complementary categories: DriveMod; Cyngn Insight; and Cyngn Evolve.

Preferreds: CYN.PRC, CYN.PRD

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Cyngn Inc
Information Technology Services
Number of ETFs Holding CYN: 
2 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Preferred Stock Offerings - Slide 569 of 609 |

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