Truist closes $500M offering of 6.250% Series S Preferred Stock, restricts dividends

TRUIST FINANCIAL CORP

Issued 500,000 depositary shares representing Series S 6.250% Non-Cumulative Perpetual Preferred Stock, liquidation preference $1,000 per depositary share.
Offering closed May 15, 2026; underwriters include Truist Securities, Citigroup, Goldman Sachs, and Morgan Stanley.
Restricts dividends or repurchases of common/junior stock if Series S dividend not paid for prior period.
Articles of Amendment filed May 13, 2026 to fix designations and preferences of the Series S Preferred Stock.
Sale registered under Form S-3 filed January 2024; $500M total liquidation preference.

item 3.03item 5.03item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.