other material
confidence high
sentiment neutral
materiality 0.55
Regions Financial completes $490M Series F preferred stock offering
REGIONS FINANCIAL CORP
- Completed public offering of 20M Series F depositary shares on July 29, 2024, raising $490.1M in net proceeds.
- Each depositary share represents a 1/40th interest in a share of Series F Non-Cumulative Perpetual Preferred Stock.
- Dividends on common and certain preferred shares are restricted if Series F dividends are not declared.