MNSBP MainStreet Bancshares ADRs of 7.50% Series A Fixed-Rate Non-Cumulative Preferred

Dividends on the Preferred Stock will be payable when, as and if authorized and declared by our board of directors or a duly authorized committee of our board of directors out of legally available funds. From the issue date, dividends on the Preferred Stock will accrue on a non-cumulative basis at a rate of 7.50% per annum on the liquidation preference of $1,000 per share, payable quarterly, in arrears, on the 30th day of each March, June, September and December, commencing on December 30, 2020. We may redeem the Preferred Stock at our option, (i) in whole or in part, from time to time, on any dividend payment date on or after September 30, 2025 or (ii) in whole but not in part, within 90 days following a “regulatory capital treatment event” (as defined herein), in each case, at a redemption price equal to $1,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends.  This security was issued by MainStreet Bancshares, Inc., whose common stock symbol is MNSB.

$20.91  -0.69 (-3.19%)
As of 03/24/2023 15:46:12 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  09/16/2020
Outstanding shares:  1,000,000
Average volume:  1,897
Market cap:   $23,700,000
Current dividend yield:  7.91%    calculation
Coupon rate:    7.500%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   09/30/2025
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: