First Horizon Announcement on Series F Preferred Stock Dividend

Rhea-AI Summary

First Horizon Corporation (NYSE: FHN) announced a cash dividend of $874.72 per share on its 4.70% Non-Cumulative Perpetual Preferred Stock, Series F. This translates to $0.218680 per Depositary Share, as a correction to a previous announcement regarding the dividend rate. The dividend is payable on July 12, 2021, to shareholders of record as of June 30, 2021. First Horizon, with $87.5 billion in assets, operates across 12 states in the southern U.S., providing a range of financial services.

Positive

• Dividend payment of $874.72 per share demonstrates confidence in financial stability.
• Large asset base of $87.5 billion indicates robust financial performance.

Negative

• None.

MEMPHIS, Tenn., July 09, 2021 (GLOBE NEWSWIRE) -- First Horizon Corporation (NYSE: FHN) today announced a cash dividend amount of $874.72 per share on FHN’s 4.70% Non-Cumulative Perpetual Preferred Stock, Series F ("Series F Preferred Stock") which was issued on May 3, 2021. This equates to a cash dividend of $0.218680 per Depositary Share (NYSE: FHN PRF), which each represent a 1/4,000th interest in a share of Series F Preferred Stock. This is a correction to FHN’s June 14 dividend announcement, in which the dividend rate was announced correctly, but the dollar amount was not. The dividend is payable on July 12, 2021 to shareholders of record at the close of business on June 30, 2021.

About First Horizon
First Horizon Corp. (NYSE: FHN), with $87.5 billion in assets as of March 31, 2021, is a leading regional financial services company, dedicated to strengthening the lives of our associates, clients, shareholders, and communities. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

FHN-G

CONTACT:	Investor Relations, Ellen Taylor, (901) 523-4450
	Media Relations, Beth Ardoin, (337) 278-6868

FAQ

What is the dividend amount for First Horizon's Series F Preferred Stock?

The cash dividend for First Horizon's Series F Preferred Stock is $874.72 per share.

When is the dividend payment date for First Horizon?

The dividend is payable on July 12, 2021.

What is the dividend amount per Depositary Share for FHN PRF?

The dividend amount per Depositary Share for FHN PRF is $0.218680.

What is the record date for First Horizon's dividend?

The record date for First Horizon's dividend is June 30, 2021.

How does First Horizon's asset base affect its dividend sustainability?

First Horizon's asset base of $87.5 billion provides a strong foundation for sustaining dividend payments.