other material
confidence high
sentiment neutral
materiality 0.50
PNC redeems $500M of Series R Preferred Depositary Shares on Dec 2, 2024
PNC FINANCIAL SERVICES GROUP, INC.
- Redeems all 500,000 outstanding Depositary Shares ($500M principal) of Series R Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock.
- Redemption date Dec. 2, 2024, at $1,000 per Depositary Share.
- Regular quarterly dividend not included in redemption price; paid separately on same date.
- Shares held through DTC; Computershare is the depositary for payment.