State Street sells 500K Series L preferred depositary shares, netting ~$495.7M

STATE STREET CORP

Offered 500,000 depositary shares, each representing 1/100th of a Series L preferred share with $100,000 liquidation preference ($1,000 per depositary share).
Net proceeds of approximately $495.7 million after underwriting discount and offering expenses.
Underwriting agreement dated August 5, 2026 with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as representatives.
Deposit agreement with Equiniti Trust Company, LLC executed August 12, 2026; Series L created via Articles of Amendment filed August 6, 2026.
Public offering under Form S-3 registration statement; legal opinion from Wilmer Cutler Pickering Hale and Dorr LLP filed.

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