Corporate ActionAug 3, 2026, 05:03 PM
Northern Trust to Redeem All Series D Preferred Stock on Oct 1
AI Summary
Northern Trust Corporation announced the redemption of all its issued and outstanding Series D Non-Cumulative Perpetual Preferred Stock and corresponding depositary shares. The redemption is scheduled for October 1, 2026. A total of 5,000 shares of Series D Preferred Stock and 500,000 depositary shares will be redeemed at a price of $1,000.00 per depositary share. A regular quarterly dividend of $23.00 per depositary share will also be paid on the redemption date.
Key Highlights
- Northern Trust will redeem all Series D Non-Cumulative Perpetual Preferred Stock.
- Redemption date is set for October 1, 2026.
- All 5,000 outstanding shares of Series D Preferred Stock will be redeemed.
- All 500,000 outstanding depositary shares (CUSIP No. 665859 AQ7) will also be redeemed.
- Redemption price for depositary shares is $1,000.00 per share.
- A regular quarterly dividend of $23.00 per depositary share will be paid on the Redemption Date.
Price Impact
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