HTLFP Heartland Financial USA, Inc. ADRs of 7.00% Fixed-Rate Reset Non-Cumulative Preferred, Series E

If declared, dividends will accrue and be payable, quarterly in arrears, (i) from and including the date of original issuance to, but excluding, July 15, 2025 (the “First Reset Date”) at a rate of 7.00% per annum, on January 15, April 15, July 15 and October 15 of each year, commencing on October 15, 2020, and (ii) from and including July 15, 2025, during each reset period, at a rate per annum equal to the five-year treasury rate as of the most recent reset dividend determination date plus 6.675%, on January 15, April 15, July 15, and October 15 of each year, beginning on July 15, 2025. We may redeem the stock at our option, and subject to any required regulatory approval, (i) in whole or in part, from time to time, on any reset date on or after the First Reset Date at a redemption price equal to $25 per depositary share, plus any declared and unpaid dividends, without accumulation of any undeclared and unpaid dividends, to, but excluding, the redemption date  This security was issued by Heartland Financial USA Inc, whose common stock symbol is HTLF.

$25.67  -0.14 (-0.55%)
As of 01/26/2023 10:50:48 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:  06/29/2020
Outstanding shares:  4,000,000
Average volume:  4,098
Market cap:   $103,520,000
Current dividend yield:  6.76%    calculation
Coupon rate:    7.000%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   07/15/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BK80XZ7

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