Banc of California, Inc. Declares Quarterly Dividend on Series C Preferred Stock
22 Novembre 2013 - 11:12PM
Business Wire
Banc of California, Inc. (NASDAQ: BANC), the bank holding
company for Banc of California, National Association, today
announced that its Board of Directors has declared a quarterly
dividend payment on its Series C Preferred Stock in the aggregate
amount of $805,000.00, representing an annualized yield of 8% on
the liquidation preference amount for outstanding shares. The
dividend will be payable on December 16, 2013 to record holders as
of December 2, 2013 of depositary shares relating to the underlying
Series C Preferred Stock.
The Company’s Series C Preferred Stock is traded on the NASDAQ
Global Market under the “BANC.P” symbol.
About Banc of California, Inc.
Since 1941, Banc of California, Inc. (NASDAQ: BANC) through its
banking subsidiary Banc of California, National Association, has
provided banking services and home loans to businesses and families
in California and the West. Today, Banc of California, Inc. has
over $3.5 billion in consolidated assets and more than 60 banking
locations.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the “Safe-Harbor” provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
necessarily subject to risk and uncertainty and actual results
could differ materially from those anticipated due to various
factors, including those set forth from time to time in the
documents filed or furnished by Banc of California, Inc. with the
Securities and Exchange Commission. You should not place undue
reliance on forward-looking statements and Banc of California, Inc.
undertakes no obligation to update any such statements to reflect
circumstances or events that occur after the date on which the
forward-looking statement is made.
INVESTOR RELATIONS INQUIRIES:Banc of California,
Inc.Richard Herrin, 855-361-2262orMEDIA INQUIRIES:Vectis
StrategiesDavid Herbst, 213-973-4113 x101
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