Preferred stock

DGAP-News: Steinhoff International Holdings N.V. : PEPKOR HOLDINGS LIMITED ('PEPKOR') - Disposal of The Building Company Proprietary Limited

Tuesday, August 4, 2020 - 9:00am

Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group").

Key Points: 
  • Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group").
  • Shareholders of the Company and holders of the cumulative, non-redeemable, non-participating, variable rate preference shares issued by Steinhoff Investment Holdings Limited are referred to Pepkor's announcement providing details of the proposed transaction published today.
  • 04.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
  • The issuer is solely responsible for the content of this announcement.

Prospect Capital Corporation Launches $1 Billion 5.5% Perpetual Preferred Stock Offering

Monday, August 3, 2020 - 9:34pm

NEW YORK, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) (Prospect) announced today a continuous preferred stock offering of up to 40,000,000 shares, with a $1,000,000,000 aggregate liquidation preference (the Preferred Stock) (the Offering).

Key Points: 
  • NEW YORK, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) (Prospect) announced today a continuous preferred stock offering of up to 40,000,000 shares, with a $1,000,000,000 aggregate liquidation preference (the Preferred Stock) (the Offering).
  • Each share of Preferred Stock will have an offering price of $25.00 per share, before the application of any commissions and discounts.
  • The Preferred Stock provides Prospect with a diversified source of accretive fixed-rate capital without creating maturity risk due to the perpetual term.
  • Preferred Capital Securities, LLC intends to serve as the dealer manager for Prospect Capital Corporation and has been a member of FINRA/SIPC since 2015.

AIG Board of Directors Declares Common Stock Dividend and Series A Preferred Stock Dividend

Monday, August 3, 2020 - 9:17pm

American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors declared a quarterly cash dividend of $0.32 per share on AIG Common Stock, par value $2.50 per share.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors declared a quarterly cash dividend of $0.32 per share on AIG Common Stock, par value $2.50 per share.
  • The Board also declared a quarterly cash dividend of $365.625 per share on AIG Series A 5.85% Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $25,000 per share, which are represented by depositary shares (NYSE: AIG PRA), each representing a 1/1,000th interest in a share of preferred stock.
  • The dividend is payable on September 15, 2020 to holders of record at the close of business on August 31, 2020.
  • The common stock dividend will result in an adjustment to the exercise price of the outstanding Warrants (CUSIP number 026874156) and an adjustment to the number of shares of AIG Common Stock receivable upon Warrant exercise.

First BanCorp. Announces Payment of Dividends on Preferred Stock

Monday, August 3, 2020 - 9:45pm

is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.

Key Points: 
  • is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.
  • Among the subsidiaries of FirstBank Puerto Rico are First Federal Finance Limited Liability Company and First Express, Inc., both small loan companies.
  • First BanCorps shares of common stock trade on the New York Stock Exchange under the symbol FBP.
  • Such forward-looking statements include, but are not limited to, statements regarding the Corporations ability to declare dividends on the Corporations Preferred Stock in any future periods.

Emerald Holding, Inc. Announces Election of New Preferred Stock Directors

Monday, August 3, 2020 - 2:00pm

Emerald Holding, Inc. (NYSE: EEX) (Emerald or the Company) today announced that OPV GEM Aggregator LP, the majority holder of the outstanding shares of Series A Convertible Participating Preferred Stock of Emerald Holding, Inc., elected Lynda Clarizio and David Levin as Preferred Stock Directors to the Companys Board of Directors, effective immediately.

Key Points: 
  • Emerald Holding, Inc. (NYSE: EEX) (Emerald or the Company) today announced that OPV GEM Aggregator LP, the majority holder of the outstanding shares of Series A Convertible Participating Preferred Stock of Emerald Holding, Inc., elected Lynda Clarizio and David Levin as Preferred Stock Directors to the Companys Board of Directors, effective immediately.
  • Brian Field, Emeralds Interim President and Chief Executive Officer said, We are excited and very fortunate to have Lynda and David join our board of directors.
  • Each of them brings a wealth of unique, valuable experiences, and deep industry knowledge spanning across complementary industries.
  • As true partners, we at Emerald strive to build our customers businesses by creating opportunities that inspire, amaze, and deliver breakthrough results.

TriState Capital Declares Quarterly Dividends on Perpetual Preferred Stock

Monday, August 3, 2020 - 2:00pm

The Board of Directors of TriState Capital Holdings, Inc. (Nasdaq: TSC) declared quarterly cash dividends on the companys outstanding non-cumulative perpetual preferred stock.

Key Points: 
  • The Board of Directors of TriState Capital Holdings, Inc. (Nasdaq: TSC) declared quarterly cash dividends on the companys outstanding non-cumulative perpetual preferred stock.
  • A dividend of $0.421875 per depositary share of Series A Non-Cumulative Perpetual Preferred Stock (Nasdaq: TSCAP) is payable on October 1, 2020 to holders of record as of September 15, 2020.
  • A dividend of $0.3984375 per depositary share of Series B Non-Cumulative Perpetual Preferred Stock (Nasdaq: TSCBP) is payable on October 1, 2020 to holders of record as of September 15, 2020.
  • TriState Capital Holdings, Inc. (Nasdaq: TSC) is a bank holding company headquartered in Pittsburgh, Pa., providing commercial banking, private banking and investment management services to middle-market companies, institutional clients and high-net-worth individuals.

RENNOVA HEALTH, INC. ANNOUNCES REVERSE STOCK SPLIT

Monday, August 3, 2020 - 11:30am

In connection with the reverse stock split, there was no change in the nominal par value per share of $0.0001.

Key Points: 
  • In connection with the reverse stock split, there was no change in the nominal par value per share of $0.0001.
  • Based on the number of shares outstanding on July 31, the reverse stock split reduced the number of shares of the Companys common stock outstanding from approximately 9.9 billion pre-reverse split shares to approximately 990,000 post-reverse split.
  • All outstanding preferred shares, stock options, warrants, and equity incentive plans immediately prior to the reverse stock split generally were appropriately adjusted by dividing the number of shares of common stock into which the preferred shares, stock options, warrants and equity incentive plans were exercisable or convertible by 10,000 and multiplying the exercise or conversion price by 10,000, as a result of the reverse stock split.
  • Stockholders owning shares via a broker or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to brokers particular processes, and will not be required to take any action in connection with the reverse stock split.

First BanCorp Declares Quarterly Cash Dividend on Common Stock

Friday, July 31, 2020 - 9:45pm

(the Corporation) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on its outstanding common stock.

Key Points: 
  • (the Corporation) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on its outstanding common stock.
  • The dividend is payable on September 11, 2020 to shareholders of record at the close of business on August 27, 2020.
  • First BanCorps shares of common stock trade on the New York Stock Exchange under the symbol FBP.
  • Such forward-looking statements include, but are not limited to, statements regarding the Corporations ability to declare dividends on the Corporations Preferred Stock in any future periods.

Commerce Bancshares Issues Notice of Redemption of Series B Preferred Shares

Friday, July 31, 2020 - 9:05pm

Commerce Bancshares, Inc. today announced that it will redeem all outstanding shares of its 6.00% Series B Non-Cumulative Perpetual Preferred Stock, $1.00 par value per share (Series B Preferred Stock), and the corresponding depositary shares representing fractional interests in the Series B Preferred Stock (Series B Depositary Shares).

Key Points: 
  • Commerce Bancshares, Inc. today announced that it will redeem all outstanding shares of its 6.00% Series B Non-Cumulative Perpetual Preferred Stock, $1.00 par value per share (Series B Preferred Stock), and the corresponding depositary shares representing fractional interests in the Series B Preferred Stock (Series B Depositary Shares).
  • The Series B Depositary Shares (Nasdaq: CBSHP, CUSIP: 200525301), each representing a 1/1,000th interest in a share of Series B Preferred Stock, will be redeemed simultaneously with the redemption of the Series B Preferred Stock at a redemption price of $25 per depositary share (equivalent to $1,000 per share of preferred stock).
  • Accordingly, the redemption price for the Series B Preferred Stock will not include any accrued and unpaid dividends.
  • On and after the Redemption Date, all dividends on the shares of Series B Preferred Stock will cease to accrue.

Zions Bancorporation Board Declares Dividends

Friday, July 31, 2020 - 6:21pm

(NASDAQ: ZION) announced today that its board of directors declared a regular quarterly dividend of $0.34 per common share, payable August 20, 2020 to shareholders of record on August 13, 2020.

Key Points: 
  • (NASDAQ: ZION) announced today that its board of directors declared a regular quarterly dividend of $0.34 per common share, payable August 20, 2020 to shareholders of record on August 13, 2020.
  • The board of directors also declared regular quarterly cash dividends on the company's various perpetual preferred shares.
  • Zions Bancorporation, N.A.
  • In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices.