Coupon is fixed at 6.75% until 11/14/2025. On 11/15/2025 the rate will be the 5 year treasury and a spread of 6.557% which is reset every 5 years.
Wesbanco mergered with Premier Financial effective 2/28/2025
Type: Fixed-Rate Reset
Athene 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preference Shares, Series C
Merged with Apollo Global Management 1/3/2022
The coupon will be fixed until 9/30/2025 at 6.375% after which point the rate will be reset at a rate of the 5 year treasury plus a spread of 5.97%–reset every 5 years.
Argo Group 7.00% Resettable Fixed Rate Preference Shares
Argo Limited was acquired by Brookfield Reinsurance on 11/16/2023
Coupon will be fixed at 7% until 8/15/2025 after which the coupon will reset at the rate of the 5 year treasury plus a spread of 6.721%. To be reset every 5 years thereafter
UMB Bank 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
UMB Bank acquired Heartland Financial on 1/31/2025. This preferred was originally issued by Heartland and now is UMB with all the same terms and conditions.
Coupon is fixed at 7% until 7/14/2025. On 7/15/2025 the rate will be the 5 year treasury and a spread of 6.675% which is reset every 5 years.
American National Group 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B
American Equity Life was acquired by American National Group which is owned by Brookfield
The coupon will be fixed until 9 /1/2025 at 6.625% after which point the rate will be reset at the 5 year treasury plus a spread of 6.297% and there after reset every 5 years