Stifel Financial Corp | 6.125% Dep Shares Non-Cumulative Preferred Stock Series C (SF.PRC)
Prospectus excerpt: Stifel Financial Corp. is offering 8,000,000 depositary shares, 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) (the “Series C Preferred Stock”). Each depositary share, evidenced by a depositary receipt, entitles the holder, through the depositary, to a proportional fractional interest in all rights and preferences of the Series C Preferred Stock (including dividend, voting, redemption and liquidation rights).
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.