Regions Financial 5.70% Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C
By: Tim McPartland,
Date Issued 4/23/2019
Shares Issued 20,000,000 NO Over-allotment Shares
S&P Rating BB+ Moodys Rating Ba1
Security Ticker Symbol RF-C OTC Temporary Ticker RXFCL
Market Traded ON NYSE
Dividend Payment Paid on the 15th of February, May, August and November beginning on 8/15/2019
Quarterly Dividend .356 Annual Dividend 1.425
The coupon will be fixed until 8/15/2029 after which the dividend will float at 3 month libor plus 3.148%
Securities may be redeemed, at the issuers option, as early as 8/15/2029 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Regions Financial
Click here to find the offering Prospectus and/or Final Pricing Document
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