The company said on October 1, 2024 that it will redeem all 160,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X, which are represented by 1,600,000 depositary shares, as of August 20, 2024.

1. 01

   The company said on October 1, 2024 that it will redeem all 160,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X, which are represented by 1,600,000 depositary shares, as of August 20, 2024.

2. 02

   The company said the redemption price per share of Series X preferred stock is $10,000 (equivalent to $1,000 per depositary share), and payment will be made on the redemption date of October 1, 2024 upon presentation and surrender of the depositary receipts to Computershare Inc., as Depositary.

3. 03

   The company said October 1, 2024 is also the final dividend payment date for the Series X preferred stock and depositary shares, and the record date for that dividend is September 3, 2024.

4. 04

   The company put the total redemption amount for all Series X preferred stock at $1.6 billion and said the redemption is made under the optional redemption provisions of the documents governing the depositary shares and the Series X preferred stock.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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