other material
confidence high
sentiment neutral
materiality 0.25
First Horizon suspends Dividend Reinvestment Plan amid TD Bank acquisition
FIRST HORIZON CORP
- Suspension effective March 11, 2022; Q1 2022 dividend payable April 1, 2022, in cash.
- Participants cannot reinvest dividends or purchase shares via optional cash investments during suspension.
- Plan will terminate upon closing of TD acquisition or be reinstated if deal is terminated.
- Suspension is a procedural step tied to the previously announced merger with TD Bank.