Truist Financial Corp | 5.25% Dep Shares Series O Non-Cumul Perpetual Prfd Stock (TFC.PRO)
Prospectus excerpt: Truist Financial Corporation (formerly known as BB&T Corporation) is offering 20,000,000 depositary shares, each representing a 1/1,000th ownership interest in a share of Series O Non-Cumulative Perpetual Preferred Stock, $5.00 par value per share, with a liquidation preference of $25,000 per share (equivalent to $25 per depositary share) (the “Preferred Stock”). As a holder of depositary shares, you will be entitled to all proportional rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through Computershare Trust Company, N.A. and Computershare Inc., jointly as the depositary for the shares of Preferred Stock. Dividends on the 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 March, June, September and December of each year, commencing on September 1, 2020, at a rate per annum equal to 5.25%. If our board of directors or a duly authorized committee of the board has not declared a dividend on the 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 Preferred Stock, parity stock, junior stock or other preferred stock are declared for any future dividend period.
Full Prospectus PDF », Secondary Prospectus PDF », TFC Page »
|
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 » |
|
|
Free Email Alerts: Get Dividend Alerts Get SEC Filing Alerts |
|