Raymond James Financial, Inc. | 6.375% Dep Sh Fix/Float Ser B Non-Cumul Perp Pfd Stock (RJF.PRB)
Prospectus excerpt: We are offering 2,800,000 depositary shares each representing a 1/40th ownership interest in a share of our 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock, no par value (“Series B preferred stock”), with a liquidation preference of $1,000 per share of Series B preferred stock (equivalent to $25 per depositary share). As a holder of depositary shares, you will be entitled to all rights and preferences of the Series B preferred stock (including dividend, voting, redemption and liquidation rights) in proportion to your investment in the underlying shares of Series B preferred stock. You must exercise these rights through the depositary.
Raymond James Financial is a bank holding company and financial holding company. Through its subsidiaries, Co. is engaged in various financial services activities. Co. has five segments: Private Client Group, which provides financial planning, investment advisory and securities transaction services; Capital Markets, which conducts investment banking, institutional sales, securities trading, equity research, and the syndication and management of investments; Asset Management, which provides asset management, portfolio management and related administrative services; Bank, which consists of Raymond James Bank, Fed member bank, and TriState Capital Bank; and Other.
Raymond James Financial, Inc. | 6.375% Dep Sh Fix/Float Ser B Non-Cumul Perp Pfd Stock (RJF.PRB) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com