Dividends on the Series D Preferred Stock, when, as and if declared by our board of directors or any duly authorized committee of the board, will be payable on the liquidation preference amount, on a non-cumulative basis, quarterly in arrears on the 15th day of March, June, September and December of each year, commencing on June 15, 2014. From the date of issuance to, but excluding, March 15, 2024, dividends will be calculated at an annual rate of 5.90%, and from, and including, March 15, 2024, dividends will be calculated at an annual rate equal to three-month LIBOR plus 3.108%. If our board of directors or any duly authorized committee of the board has not declared a dividend on the Series D Preferred Stock before the dividend payment date for any dividend period, such dividend shall not be cumulative and shall not be payable for such dividend period, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Series D Preferred Stock are declared for any future dividend period.
Full Prospectus PDF », Secondary Prospectus PDF », STT Page »
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State Street is a financial holding company. Through its subsidiaries, Co. provides a range of financial products and services to institutional investors. Co.'s Investment Servicing line of business performs custody and related functions, such as providing institutional investors with clearing, settlement and payment services. Co.'s Investment Management line of business, through State Street Global Advisors, provides a range of investment management strategies and products for its clients. In addition, Co. provides a range of services and solutions, including environmental, social and governance investing, defined benefit and defined contribution and Global Fiduciary Solutions. Preferreds: STT.PRC, STT.PRD, STT.PRE, STT.PRG Open the STT Information Page » |
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