State Street said on February 8, 2024 that it will redeem all 7,500 of its outstanding Series D non-cumulative perpetual preferred shares on March 15, 2024 (the Redemption Date).

8-KOther EventsFiled Feb 8, 2024Period of report Feb 8, 2024Summary published (UTC) Oct 31, 2026

Key points

AI summary

State Street said on February 8, 2024 that it will redeem all 7,500 of its outstanding Series D non-cumulative perpetual preferred shares on March 15, 2024 (the Redemption Date).
The company said the remaining 2,500 outstanding shares of its Series F non-cumulative perpetual preferred stock will also be fully redeemed on the same Redemption Date.
The company said both Series D and Series F will be redeemed for cash at $100,000 per share, equivalent to $25.00 per depositary share for Series D and $1,000.00 per depositary share for Series F.
The company said the redemption prices will include any dividends declared but not paid up to the Redemption Date, and that the cash dividend announced on January 18, 2024 is not included in the Series D or Series F redemption prices.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

State Street to fully redeem 7,500 Series D preferred shares

State Street said on February 8, 2024 that it will redeem all 7,500 of its outstanding Series D non-cumulative perpetual preferred shares on March 15, 2024 (the Redemption Date).

Source · Based on the filing body and exhibits

State Street to redeem remaining 2,500 Series F preferred shares

The company said the remaining 2,500 outstanding shares of its Series F non-cumulative perpetual preferred stock will also be fully redeemed on the same Redemption Date.

Source · Based on the filing body and exhibits

Redemption price: $100,000 per share, depositary share equivalent

The company said both Series D and Series F will be redeemed for cash at $100,000 per share, equivalent to $25.00 per depositary share for Series D and $1,000.00 per depositary share for Series F.

Source · Based on the filing body and exhibits

Declared unpaid dividends added; January 18 dividend excluded

The company said the redemption prices will include any dividends declared but not paid up to the Redemption Date, and that the cash dividend announced on January 18, 2024 is not included in the Series D or Series F redemption prices.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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