Dividend suspended 3/2020 because of asset damage caused by Covid 19. On 5/12/2020 the company announced the reinstatement of the dividend to be paid in a combination of stock and cash
Coupon is fixed at a rate of 7.75% until 12/27/2024 after which it floats at a rate of 3 month Libor plus a spread of 5.18%
IberiaBank merged with First Horizon National on 7/1/2020 with First Horizon National surviving. New shares of First Horizon Preferred have been exchanged for the old IberiaBank preferred–all terms remain the same.
Coupon is fixed at a rate of 6.625% until 8/1/2025 after which it will float at a rate of 3 month Libor plus a spread of 4.262%
THIS ISSUE PAYS ONLY 2 DIVIDEND PAYMENTS PER YEAR ON 2/1 AND 8/1. When the floating rate period (8/1/2025) begins the company will pay quarterly dividends.
IberiaBank merged with First Horizon National on 7/1/2020 with First Horizon National surviving. New shares of First Horizon Preferred have been exchanged for the old IberiaBank preferred–all terms remain the same.
Coupon is fixed until 5/1/2026 after which it will trade with a floating rate of 3 month Libor plus a spread of 4.92%
Dividends are paid at the rate of either .67% above Libor or a minimum of 4%.
7/1/2023 Now trading at 3 month SOFR plus .2616%
Dividends paid at the rate of the greater of 1) .75% above libor or 2) 3.75%
7/1/2023 Now trading at 3 month SOFR plus .2616%
