Dividends on the Series F Preferred Stock, when, as and if declared by our board of directors or a duly authorized committee of the board, will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, quarterly in arrears on the 1st day of February, May, August and November of each year, commencing on February 1, 2013, at a rate per annum equal to 5.200%. If our board of directors or a duly authorized committee of the board has not declared a dividend on the Series F Preferred Stock before the dividend payment date for any dividend period, such dividend shall not be cumulative and shall not accrue or 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 F Preferred Stock are declared for any future dividend period.
The Series F Preferred Stock may be redeemed at our option in whole, or in part, on November 1, 2017, or any dividend payment date thereafter, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. The Series F Preferred Stock also may be redeemed at our option in whole, but not in part, upon the occurrence of a Ùregulatory capital treatment event,ˆ as described herein, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. The Series F Preferred Stock will not have any voting rights, except as set forth under ÙDescription of Series F Preferred Stock ? Voting Rightsˆ on page S-24.
Full Prospectus PDF », Secondary Prospectus PDF », TFC Page »
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Truist Financial is a bank holding company. Through its subsidiaries, Truist Bank, Co. provides a range of banking and trust services. Co. operates and measures business activity across three segments: Consumer Banking and Wealth, which made up of retail and small business banking, consumer finance solutions and wealth; Corporate and Commercial Banking, which is made up of corporate and investment banking, commercial community banking, commercial real estate and wholesale payments; and Insurance Holdings, which is an insurance agency/brokerage networks, providing property and casualty, employee benefits and life insurance to businesses and individuals. Preferreds: BBT.PRD, BBT.PRE, TFC.PRF, TFC.PRG, TFC.PRH, TFC.PRI, TFC.PRO, TFC.PRR Open the TFC Information Page » |
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