other material
confidence high
sentiment neutral
materiality 0.35
Morgan Stanley establishes 4.250% Non-Cumulative Preferred Stock, Series O with $25,000 liquidation preference
MORGAN STANLEY
- Series O Preferred Stock carries 4.250% fixed dividend rate, non-cumulative, $25,000 liquidation preference per share.
- If full Series O dividends are not paid, restrictions apply on dividends/purchases of junior stock including common stock.
- Certificate of Designation filed with Delaware Secretary of State on October 22, 2021; issuance expected October 25, 2021.
- Depositary shares representing 1/1,000th interest in Series O shares are offered under Form S-3 registration statement.
- Opinion of Davis Polk & Wardwell LLP and forms of deposit agreement and depositary receipt filed as exhibits.