secwatch.observer — SEC 8-K summary
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Issuer:     BANC OF CALIFORNIA, INC. (BANC)
CIK:        0001169770
Form:       8-K
Filed at:   2022-02-14T23:59:59+00:00
Accession:  0001169770-22-000008
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banc of California redeems all Series E Preferred Stock for $98.7M, declares quarterly dividends
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169770/000116977022000008/0001169770-22-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169770/000116977022000008/banc-20220209.htm
  HTML page:      https://secwatch.observer/filing/0001169770-22-000008

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