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S&P Dow Jones to remove First Republic 6.7% preferreds from index
New York, Jan. 19 – S&P Dow Jones Indices will drop First Republic Bank’s 6.7% series A non-cumulative perpetual preferred stock from the S&P U.S. Preferred Stock Index.
The change will be effective after the close of trading on Jan. 27.
S&P Dow Jones is making the change because the preferreds have been called for redemption.
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