Bank of Hawaii issues 6.6M depositary shares of 8.000% Series B perpetual preferred stock

BANK OF HAWAII CORP

Issued 6,600,000 depositary shares, each representing 1/40th interest in a share of 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B.
Series B Preferred has a liquidation preference of $1,000 per share, filed Certificate of Designations with Delaware on June 20, 2024.
Underwriting agreement with BofA Securities, J.P. Morgan, Keefe Bruyette & Woods, and Wells Fargo dated June 18, 2024.
Restrictions apply on dividends and repurchases of common or parity preferred if dividends on Series B are not declared.
Deposit agreement with Computershare as depositary; closing occurred June 21, 2024.

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