other material
confidence high
sentiment neutral
materiality 0.50
General Electric to redeem all preferred stock series A-D for $1,000/share on Sept 15, 2023
GENERAL ELECTRIC CO
- GE elects to redeem all outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series A, B, C, D on Sept 15, 2023.
- Redemption price set at $1,000 per share, paid in cash; shares held in book-entry through DTC.
- Regular dividends on preferred stock will be paid separately on Sept 15, 2023 to holders of record as of Aug 31, 2023.
- Dividend rates: LIBOR + 2.28% (Series A), +2.32% (Series B), +2.37% (Series C), +3.33% (Series D).