other_material
confidence high
sentiment neutral
materiality 0.65
Wintrust to redeem all Series D & Series E preferred stock on July 15, 2025
WINTRUST FINANCIAL CORP
- Redeems 5,000,000 Series D shares at $25.00 per share and 11,500 Series E shares at $25,000 per share.
- Redemption funded by proceeds from Series F preferred offering completed May 22, 2025.
- Regular quarterly dividends paid on July 15 to holders of record July 1; redemption price excludes accrued dividends.
- Trading of WTFCM and WTFCP on Nasdaq will cease after the redemption date.
- Total redemption value approximately $412.5 million.
item 8.01item 9.01