Schwab Announces Redemption of All Outstanding Depositary Shares Representing Interests in Its 4.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E
20 Ottobre 2022 - 10:54PM
Business Wire
The Charles Schwab Corporation today announced that it will
redeem on December 1, 2022, all of the 6,000 outstanding shares of
its 4.625% Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series E (“Series E Preferred Stock”), and the
corresponding 600,000 depositary shares (“Depositary Shares”), each
representing a 1/100th interest in a share of the Series E
Preferred Stock. The Depositary Shares (CUSIP 808513 AP0) will be
redeemed at a redemption price of $1,000 per Depositary Share.
The redemption price does not include the regular quarterly
dividend that, if declared, will be paid separately in the
customary manner on December 1, 2022 to holders of record on the
record date for such dividend payment.
The Depositary Shares are held in book-entry form through the
Depository Trust Company (“DTC”) and will be redeemed in accordance
with the procedures of DTC. Payment to DTC for the Depositary
Shares will be made by Equiniti Trust Company as redemption agent.
The address for Equiniti Trust Company is 1110 Centre Pointe Curve,
Suite 101, Mendota Heights, Minnesota 55120-1400, Attention:
Corporate Actions.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with 33.9 million active brokerage
accounts, 2.3 million corporate retirement plan participants, 1.7
million banking accounts, and $6.64 trillion in client assets.
Through its operating subsidiaries, the company provides a full
range of wealth management, securities brokerage, banking, asset
management, custody, and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer
subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc.,
and TD Ameritrade Clearing, Inc., (members SIPC, www.sipc.org), and
their affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds;
financial planning and investment advice; retirement plan and
equity compensation plan services; referrals to independent,
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its primary banking subsidiary,
Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender),
provides banking and lending services and products. More
information is available at www.aboutschwab.com.
TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are
separate but affiliated companies and subsidiaries of TD Ameritrade
Holding Corporation. TD Ameritrade Holding Corporation is a wholly
owned subsidiary of The Charles Schwab Corporation. TD Ameritrade
is a trademark jointly owned by TD Ameritrade IP Company, Inc. and
The Toronto-Dominion Bank.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221020006101/en/
MEDIA Mayura Hooper Charles Schwab Phone:
415-667-1525
INVESTORS/ANALYSTS Jeff Edwards Charles Schwab Phone:
415-667-1524
Grafico Azioni Charles Schwab (NYSE:SCHW)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Charles Schwab (NYSE:SCHW)
Storico
Da Mar 2023 a Mar 2024