Truist Financial Announces Redemption Strategy
Truist Financial Corporation recently revealed a significant development regarding its financial instruments. The company has decided to redeem all outstanding Series P Depositary Shares linked to its 4.950% Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock. This decision marks a key step in Truist's financial strategy and management of its preferred securities.
Details of the Redemption
The redemption of these Series P Depositary Shares will occur on a specified date, and shareholders should be aware of the implications. The redemption price is set at US$1,000.00 per Series P Depositary Share. Additionally, holders will receive any declared and unpaid dividends leading up to the redemption date, which is essential for investors keeping track of their returns.
Impact on Holders
What does this mean for the shareholders of the Series P Depositary Shares? Following the redemption date, these shares will no longer be considered outstanding. As a result, dividends on the redeemed shares will stop accruing. This strategic decision ensures that all rights held by shareholders will cease, except for the fundamental right to receive the designated redemption price.
Communication with Shareholders
The company has reached out to the record holders of the Series P Depositary Shares regarding the redemption. They have distributed a notice detailing the terms and procedures associated with this redemption process. Shareholders who require more information can obtain additional copies of the Redemption Notice by contacting Computershare Trust Company, N.A.
How to Reach Computershare
For any inquiries or additional copies of the Redemption Notice, shareholders can reach out in several ways. They can send a mail request to P.O. Box 43014, Providence, RI 02940-3014, marked for Corporate Actions. Alternatively, for quicker communication, they may use an overnight courier to reach 150 Royall Street, Canton, MA 02021, also directed to Corporate Actions. For immediate assistance, calling (800) 546-5141 will connect them with the right department.
About Truist Financial Corporation
Truist Financial Corporation prides itself on being a purpose-driven entity within the financial services sector. The company's commitment to inspiring better lives and communities is at the forefront of its operations. With its headquarters in Charlotte, the organization boasts a robust market presence, particularly in high-growth areas across the United States. Truist provides a comprehensive range of financial products and services catering to various client needs, from consumer and small business banking to investment banking and specialized lending.
Financial Performance and Strength
As of the end of September 2025, Truist has reported total assets amounting to approximately $544 billion, signifying its strong position in the banking industry. As one of the top ten commercial banks in the U.S., they continue to enhance their offerings and maintain a robust market presence, providing a wide array of solutions to meet the diverse demands of their clientele.
Frequently Asked Questions
What is the redemption price for the Series P Depositary Shares?
The redemption price is set at US$1,000.00 per Series P Depositary Share, alongside declared and unpaid dividends.
When will the redemption take place?
The redemption will occur on the specified redemption date outlined in the notice sent to shareholders.
What will happen to the dividends after redemption?
Once shares are redeemed, dividends on those shares will cease to accumulate, and rights will end except for receiving the redemption price.
Where can shareholders find more information on redemption?
Shareholders can obtain more information by contacting Computershare Trust Company, N.A., via mail or telephone.
What services does Truist Financial offer?
Truist offers a range of financial services including banking, investment banking, wealth management, and specialized lending, among others.
