Truist to redeem 5.2% series F, 5.2% series G preferred stock

By Taylor Fox

New York, Jan. 20 – Truist Financial Corp. plans to redeem all of its outstanding 5.2% series F senior non-cumulative perpetual preferred stock (Cusip: 89832Q851) and the corresponding depositary shares representing fractional interest in the stock and 5.2% series G non-cumulative perpetual preferred stock (Cusip: 89832Q844) and the corresponding depositary shares representing fractional interests in the stock, according to an 8-K filing with the Securities and Exchange Commission.

The preferreds will be redeemed simultaneously at a price of $25 of par plus interest.

All 18 million outstanding series F depositary shares and all 20 million outstanding series G depositary shares will be redeemed on the dividend payment date of March 1.

Truist is a Charlotte, N.C.-based bank holding company.

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