First Horizon National Corporation 6.10% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock Series D

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 6.10% until 4/30/2024 after which it will float at the rate of 3 month Libor plus a spread of 3.859%. When the security enters the floating rate period dividends will be paid on a quarterly basis on 2/1, 5/1, 8/1 and 11/1

Dividend is paid only 2 times per year on 5/1 and 11/1–that is why it is not in the grid below. Also the grid below shows a quarterly dividend of .763 cents/quarter–this is the semi-annual payment.




FHN-D
FHN
IBBRL
03/28/2019
05/01/2024
None
4,000,000
0
6.10%
$25.00
No
Yes
0.763
Last Day
Last Day
BB-
C
Ba2