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.
Thanks to mcg for noting this one an hour ago.