M&T Bank Corporation said it will redeem all outstanding shares of its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E, par value $1.00 per share, on July 10, 2024.

1. 01

   M&T Bank Corporation said it will redeem all outstanding shares of its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E, par value $1.00 per share, on July 10, 2024.

2. 02

   The company said there are currently 350,000 issued and outstanding shares of Series E Preferred Stock, with CUSIP number 55261FAG9.

3. 03

   The company said it will redeem the Series E Preferred Stock on August 15, 2024 at $1,000 per share, plus accrued and unpaid dividends from, and including, May 15, 2024 to, but excluding, the redemption date.

4. 04

   It said that after the redemption date, the Series E Preferred Stock will no longer be deemed outstanding, no further dividends will be declared or accrue on those shares, and holders will have no rights other than the right to receive the redemption price.

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