other material
confidence high
sentiment positive
materiality 0.65
Banc of California redeems all Series E Preferred Stock for $98.7M, declares quarterly dividends
BANC OF CALIFORNIA, INC.
- Redeems all 98,702 shares of Series E Preferred (3,948,105 depositary shares) at $25 per depositary share, total $98,702,625, on March 15, 2022.
- Series E Depositary Shares (BANC PRE) to be delisted from NYSE upon redemption.
- Quarterly common dividend of $0.06 per share payable April 1, 2022 to holders of record March 15, 2022.
- Series E Preferred quarterly dividend of $0.4375 per depositary share paid separately on March 15, 2022 to holders of record Feb 25, 2022.