WTFCP Wintrust Financial ADRs of 6.875% Fixed-Rate Reset Non-Cumulative Preferred, Series E

Dividends will accrue and be payable quarterly, in arrears, (i) from and including the original issuance date to, but excluding, July 15, 2025, at a rate equal to 6.875% per annum, on January 15, April 15, July 15 and October 15 of each year, beginning on October 15, 2020, and (ii) from and including July 15, 2025, during each reset period, at a rate per annum equal to the five-year treasury rate as of the most recent reset dividend determination date plus 6.507%, on January 15, April 15, July 15 and October 15 of each year, beginning on July 15, 2025, except in each case where such day is not a business day. We may, at our option, redeem the Preferred Stock, (i) in whole or in part, from time to time, on any reset date on or after July 15, 2025 at a redemption price equal to $25.00 per depositary 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.

$23.21  +0.01 (0.04%)
As of 03/27/2023 11:23:51 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:  05/29/2020
Outstanding shares:  10,000,000
Average volume:  47,251
Market cap:   $229,700,000
Current dividend yield:  7.48%    calculation
Initial coupon rate:    6.875%
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:      BMTCNN4