RF-B Regions Financial ADRs of 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Series B

Dividends will accrue and be payable from the date of issuance quarterly in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on September 15, 2014. The Preferred Stock will initially bear interest at a fixed rate per annum of 6.375% from the date of issuance to, but excluding, September 15, 2024, and will bear interest thereafter at a floating rate per annum equal to three-month LIBOR on the related LIBOR determination date plus 3.536%. We may redeem the Preferred Stock at our option, subject to regulatory approval, at a redemption price equal to $25 per depositary share, plus any declared and unpaid dividends (without regard to any undeclared dividends) to but excluding the redemption date, (1) in whole or in part, from time to time, on any dividend payment date (as defined herein) on or after September 15, 2024 or (2) in whole but not in part, at any time following a regulatory capital treatment event (as defined herein). If we redeem the Preferred Stock, the depositary is expected to redeem a proportionate number of depositary shares.  This security was issued by Regions Financial Corp, whose common stock symbol is RF.

$21.90  +0.58 (2.72%)
As of 03/27/2023 10:29:26 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:  04/28/2014
Outstanding shares:  20,000,000
Average volume:  16,115
Market cap:   $508,200,000
Current dividend yield:  6.27%    calculation
Initial coupon rate:    6.375%
Spread to LIBOR: 0.035360
Cumulative:    No
Liquidation value:   $25.00
Callable after:   09/15/2024
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:      BLZHDQ9