other material
confidence high
sentiment neutral
materiality 0.50
Wintrust creates 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F
WINTRUST FINANCIAL CORP
- Created 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F; 18,000 shares authorized.
- 17,000,000 depositary shares representing 1/1,000th interest each offered in previously disclosed underwritten public offering.
- Series F ranks senior to common stock, on parity with existing Series D and E preferred.
- Dividend restrictions on common and parity stock if Series F dividends not paid for most recent period.