CUBI-E Customers Bancorp Fixed-to-Floating Non-Cumulative Preferred Series E

We will pay dividends on the Series E Preferred Stock only when, as, and if declared by our board of directors or a duly authorized committee of our board and to the extent that we have lawfully available funds to pay dividends. Dividends on the Series E Preferred Stock will accrue and be payable quarterly in arrears, on the 15th day of March, June, September, and December of each year, commencing on June 15, 2016, at a fixed rate per annum equal to 6.45% from the original issue date to, but excluding, June 15, 2021, and thereafter at a floating rate per annum equal to three-month LIBOR on the related dividend determination date (as defined herein) plus a spread of 5.14% per annum. Dividends on the Series E Preferred Stock will not be cumulative. We may redeem the Series E Preferred Stock at our option, at a redemption price equal to $25.00 per share, plus any declared and unpaid dividends (without regard to any undeclared dividends), (i) in whole or in part, from time to time, on any dividend payment date on or after June 15, 2021.  This security was issued by Customers Bancorp Inc, whose common stock symbol is CUBI.

$25.25  0.00 (0.00%)
As of 10/27/2021 14:46:36 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  04/29/2016
Outstanding shares:  2,000,000
Average volume:  8,707
Market cap:   $50,480,000
Current dividend yield:  5.32%    calculation
Initial coupon rate:    6.450%
Spread to LIBOR: 0.064500
Cumulative:    No
Liquidation value:   $25.00
Callable after:   06/15/2021
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    
ISIN:        
Sedol:      

2021 © Stock Market MBA, Inc. Terms of use | Privacy policy