TSCAP TriState Capital Holdings, Inc. ADRs of 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock

Dividends on the Series A preferred stock will not be cumulative or mandatory. Dividends at a rate of 6.75% per annum, payable quarterly, in arrears, on January 1, April 1, July 1 and October 1 of each year, beginning on July 1, 2018. From, and including, April 1, 2023, dividends will be payable at a floating rate equal to three-month LIBOR plus a spread of 398.5 basis points per annum, payable quarterly, in arrears, on January 1, April 1, July 1 and October 1 of each year, beginning on July 1, 2023. The issuer may redeem the Series A preferred stock, 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, (i) in whole or in part, from time to time, on any Dividend Payment Date on or after April 1, 2023.  This security was issued by Tristate Capital Holdings Inc, whose common stock symbol is TSC.

$25.35  0.00 (0.00%)
As of 05/31/2022 00:00:00 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:  03/16/2018
Outstanding shares:  1,400,000
Average volume:  4,387
Market cap:   $35,490,000
Current dividend yield:  6.66%    calculation
Initial coupon rate:    6.750%
Spread to LIBOR: 0.039850
Cumulative:    No
Liquidation value:   $25.00
Callable after:   04/01/2023
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: