Originally issued by First Midwest. First Midwest merged with Old National Bank on 2/16/2022.
Sector: Banking
Wintrust Financial Corporation 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
Coupon will be fixed until 7/15/2025 after which it will be reset at the 5 year treasury plus a spread of 6.507%. Every 5 years there after the coupon will reset at the 5 year treasury rate plus the spread
May only be redeemed on a dividend payment date
Truist Financial Corporation 5.25% Series O Non-Cumulative Perpetual Preferred Stock
May only be redeemed on a dividend payment date
First Citizens BancShares 5.375% Non-Cumulative Perpetual Preferred Stock, Series A
Dime Community Bancshares 5.50% Non-Cumulative Perpetual Preferred Stock, Series A
A ‘reopening’ of this issue occurred on 6/3/2020. 2 million additional shares were sold @ $19.87