WTFCM Wintrust Financial Fixed-to-Floating Rate Non-Cumulative Preferred Series D

Non-cumulative dividends on the series D preferred are payable quarterly in arrears if, when and as declared by our board of directors, at a rate of 6.50% per year from the original issuance date to, but excluding, July 15, 2025, and from (and including) that date at a floating rate equal to three-month LIBOR plus a spread of 4.06% per year on the liquidation preference of $25 per share. Series D preferred may be redeemed (i) in whole or in part, from time to time, on any dividend payment date on or after July 15, 2025, or (ii) in whole but not in part, at any time within 90 days following a Regulatory Capital Treatment Event (as defined in the Series D Certificate of Designations), in each case at a redemption price equal to $25 per share, plus any declared and unpaid dividends, without accumulation of any undeclared dividends to, but excluding, the redemption date.  This security was issued by Wintrust Financial Corp, whose common stock symbol is WTFC.

$22.37  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:  06/23/2015
Outstanding shares:  5,000,000
Average volume:  16,125
Market cap:   $111,950,000
Current dividend yield:  7.32%    calculation
Initial coupon rate:    6.500%
Spread to LIBOR: 0.040600
Cumulative:    No
Liquidation value:   $25.00
Callable after:   07/15/2025
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:      BYRYFQ3