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First Horizon series A preferreds admitted to begin trading on NYSE
By Tali David
Minneapolis, Feb. 5 - The depositary shares of First Horizon National Corp.'s series A noncumulative perpetual preferred stock have been admitted to trading on the New York Stock Exchange, according to a notice.
The shares trade under the symbol "FHN PR A."
Each preferred will be issued as a depositary share representing a 1/4000th interest.
The company priced $100 million of the preferreds on Jan. 24.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Goldman Sachs & Co. are the joint bookrunners.
Proceeds will be used for general corporate purposes.
First Horizon National is a Memphis-based bank holding company.
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