U.S. Bancorp to redeem series I non-cumulative perpetual preferreds

Chicago, March 4 – U.S. Bancorp announced the upcoming redemption of all of its outstanding series I non-cumulative perpetual preferred stock on April 15, according to a press release.

The redemption price will be $25,000 per share, equivalent to $1,000 per series I depositary share.

The redemption date is also a dividend date. The regular quarterly dividend will be paid in the customary manner on April 15 to holders of record on March 31.

Minneapolis-based U.S. Bancorp is a financial holding company and the parent company of U.S. Bank.

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