The company has the right to defer interest payments for up to 5 years one or more times without causing a default. Interest will accrue.
Sector: Finance
CIT Group Inc. 5.625% Non-Cumulative Perpetual Preferred Stock, Series B
Synchrony Financial 5.625% Fixed Rate Non-Cumulatve Perpetual Preferred Stock, Series A
Redeemable only on a dividend payment date
Northern Trust Corporation 4.70% Series E, Non-Cumulative Perpetual Preferred Stock
Redeemable only on a dividend payment date
B. Riley Financial Inc. 6.875% Series A Cumulative Preferred Stock
B Riley Financial Inc 6.50% Senior Notes Due 2026
Bonus Rate for Early Redemption. On 9/30/2022 and before 9/30/2023 redemption shall be at $25.50 plus accrued interest, on 9/30/2023 and before 9/30/2024 redemption shall be at $25.25 plus accrued interest. After 9/30/2024 redemption shall be at $25 plus accrued interest.
Ladenburg Thalmann Financial Services 7.75% Senior Notes Due 2029
Ladenburg Thalmann merged with Advisors Group effective 2/12/2020. There is no longer a ‘parent’ company that is publicly traded. This baby bond issue was delisted from the AMEX and now trades on the OTC exchange. We show the ‘parent’ as LTS for sorting purposes.