SIVBP SVB Financial Group ADRs of 5.25% Non-Cumulative Preferred Stock, Series A

Holders of Series A Preferred Stock will be entitled to receive dividend payments only when, as and if declared by our board of directors (or a duly authorized committee of the board). Any such dividends will be payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, beginning on February 15, 2020. From the date of original issue, dividends will be payable at a rate of 5.250% per annum. Dividends on the Series A Preferred Stock will be non-cumulative. We may, at our option, redeem the Series A Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date on or after February 15, 2025, or (ii) in whole but not in part, at any time within 90 days following a Regulatory Capital Treatment Event (as defined herein), in each case at a redemption price of $1,000 per share (equivalent to $25 per Depositary Share), plus any declared and unpaid dividends to, but excluding, the date fixed for redemption, without accumulation of any undeclared dividends.  This security was issued by SVB Financial Group, whose common stock symbol is SIVB.

$15.23  -4.27 (-21.90%)
As of 03/09/2023 16:00:01 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:  12/13/2019
Outstanding shares:  14,000,000
Average volume:  33,204
Market cap:   $273,000,000
Current dividend yield:  6.73%    calculation
Coupon rate:    5.250%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   02/15/2025
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:      BKTQ1Y9