First Horizon Corporation Plans Major Stock Redemption Announcement

Author: Evelyn Baker Updated: 07-02-2025 07:12 AM

Stock Redemption Announcement by First Horizon Corporation

First Horizon Corporation (NYSE: FHN) has made an important announcement regarding its financial strategy. The company will be redeeming all outstanding shares of its 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, along with the associated depositary shares. This decision illustrates First Horizon's commitment to strengthening its capital structure and enhancing shareholder value.

Details of the Redemption

The redemption is set to occur on a specified date, which also coincides with the date for the scheduled dividend payment. The redemption price is established at $25.00 for each Series B Depositary Share, equating to $10,000 for a share of Series B Preferred Stock. Importantly, accrued dividends will not factor into this redemption as they are being paid separately, in line with standard procedures.

Dividend Payment Information

Shareholders who are on record by a designated date will receive their regular semi-annual dividend payment made in the usual manner. This consistent approach speaks volumes about First Horizon's dedication to providing returns to its investors.

Contact Information for Shareholders

For those with inquiries regarding the stock redemption, the designated redemption agent, Equiniti Trust Company LLC, stands ready to assist. Interested parties can reach them via phone or through direct inquiry at their office. Shareholders holding depositary shares through other institutions are also encouraged to connect with those parties for any needed clarification.

About First Horizon Corporation

First Horizon Corporation, trading under the ticker symbol FHN, is recognized as a prominent regional financial services provider in the industry. With assets totaling $81.5 billion as of the latest reporting period, the company extends its services across twelve states, supporting clients with a range of banking offerings including commercial and private banking, wealth management, and mortgage banking services.

A Commitment to Excellence

First Horizon has garnered accolades as one of America's best employers by reputable publications, which underscores its commitment to both client service and employee satisfaction. With a focus on unlocking financial potential for clients and communities alike, First Horizon continues to maintain its operational excellence and reputation.

Frequently Asked Questions

What is the Series B stock redemption by First Horizon Corporation?

The Series B stock redemption involves the buyback of all outstanding Series B Preferred Stock by First Horizon Corporation to streamline its capital structure.

When will the redemption take place?

The redemption is scheduled for a specific date, which aligns with the payment of regular dividends for shareholders.

What is the redemption price for the Series B Depositary Shares?

The redemption price is set at $25.00 per Series B Depositary Share, corresponding to $10,000 for a full share of Series B Preferred Stock.

How will the dividends be handled during the redemption?

Accrued dividends will not be included in the redemption price since they are being paid separately to shareholders on the redemption date.

Who can shareholders contact regarding the redemption?

Shareholders can reach out to Equiniti Trust Company LLC for any inquiries related to the redemption process.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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