State Street to redeem $500 million series F perpetual preferreds

By Wendy Van Sickle

Columbus, Ohio, Jan. 14 – State Street Corp. plans to redeem $500 million, or 5,000 shares, of its $750 million, or 7,500 shares, of its series F non-cumulative perpetual preferred stock, according to a news release.

The preferreds will be redeemed at $100,000 apiece, or $1,000 per depository share plus unpaid dividends on March 15.

A quarterly cash dividend of $953.38 per share of series F preferred stock has been declared for the period from Dec. 15 through March 15 and will be paid separately in the usual manner.

State Street is a Boston-based bank holding company.

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