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Stifel Financial to Sell Non Cumulative Preferred

Stifel Financial (SF) will be selling a new issue of fixed rate, non-cumulative preferred stock.

The issue will be redeemable beginning 6/15/2025 at $25 plus accrued dividends.

SF has 2 preferred issues outstanding currently as well as 1 baby bond–you can see them here.

The new issue will be rated BB- by Standard and Poors–3 notches BELOW investment grade.

The preliminary prospectus can be read here.

Thanks to mcg for noting this one an hour ago.

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