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

By William Gullotti

Buffalo, N.Y., Dec. 16 – U.S. Bancorp will redeem all 44,000 outstanding shares of its series F non-cumulative perpetual preferred stock on Jan. 15, 2022, according to an 8-K filed with the Securities and Exchange Commission.

The redemption price will be $25,000 per share, equivalent to $25.00 per series F depositary share (Cusip: 902973833).

The redemption date is also a dividend date. The regular quarterly dividend will be paid separately in the customary manner on the first business day following redemption.

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

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