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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TRUIST FINANCIAL CORP: Filed Articles of Amendment to fix designations, preferences, limitations and relative rights of Series S Preferred Stock (effective 2026-05-13).

Change: charter amendment
Effective: 2026-05-13

Exact text from the filing

On May 13, 2026, the Company filed Articles of Amendment (the “Articles of Amendment”) for the purpose of amending its Articles of Incorporation to fix the designations, preferences, limitations and relative rights of its Series S Preferred Stock.

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TRUIST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-226701

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