other
confidence high
sentiment neutral
materiality 0.30
Morgan Stanley files Certificate of Designation for new 6.625% Non-Cumulative Preferred Stock Series Q
MORGAN STANLEY
- Series Q Preferred Stock has $25,000 liquidation preference, 6.625% non-cumulative dividend rate.
- Dividends on junior stock (including common) restricted if Series Q dividends not fully paid.
- Certificate of Designation filed with Delaware Secretary of State on July 29, 2024.
- Issuance of Series Q Preferred Stock scheduled for July 30, 2024.