Truist to redeem all $465 million 5.625% series H preferred stock

By Wendy Van Sickle

Columbus, Ohio, April 29 – Truist Financial Corp. plans to redeem all $465 million of its outstanding 5.625% series H non-cumulative perpetual preferred stock (Cusip: 89832Q836) and the 18.6 million corresponding depositary shares representing fractional interest in the stock, according to a news release.

The preferreds will be redeemed on June 1 at a price of $25 of par plus interest.

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

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