UCBIO United Community Banks ADRs of 6.875% Series I Non-Cumulative Preferred Stock

We will pay cash dividends on the Series I Preferred Stock, only when, as, and if declared by our board of directors, or a duly authorized committee of the board, out of funds legally available to pay dividends, at an annual rate of 6.875% on the liquidation preference amount of $25 quarterly in arrears, on March 15, June 15, September 15 and December 15 of each year. We may redeem the Series I Preferred Stock in whole or in part, from time to time, on or after Sepember 15, 2025, at a cash redemption price equal to $25 per depositary share plus any accrued and unpaid dividends for the then-current dividend period, whether or not declared, to, but excluding, the redemption date.  This security was issued by United Community Banks Inc, whose common stock symbol is UCBI.

$21.70  0.00 (0.00%)
As of 03/24/2023 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:  06/11/2020
Outstanding shares:  4,000,000
Average volume:  14,448
Market cap:   $83,200,000
Current dividend yield:  8.26%    calculation
Coupon rate:    6.875%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   09/15/2025
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:      BMBM6G6