PNC Announces Redemption Of All Depositary Shares Representing Interests In Series R Preferred Stock
PNC Financial Services Group (NYSE: PNC) announced the redemption of all outstanding Depositary Shares representing interests in Series R Preferred Stock, scheduled for December 2, 2024. The redemption involves 500,000 Depositary Shares at a price of $1,000 per share, totaling $500 million. The redemption price excludes the regular quarterly dividend, which will be paid separately to holders of record on the same date. The shares are held through DTC and will be redeemed according to DTC procedures, with payments handled by Computershare Trust Company.
PNC Financial Services Group (NYSE: PNC) ha annunciato il riscatto di tutte le azioni di deposito in circolazione che rappresentano interessi nelle Azioni Preferite di Serie R, previsto per il 2 dicembre 2024. Il riscatto coinvolge 500.000 azioni di deposito a un prezzo di $1.000 per azione, per un totale di 500 milioni di dollari. Il prezzo di riscatto esclude il dividendo trimestrale regolare, che sarà pagato separatamente ai titolari registrati nella stessa data. Le azioni sono detenute tramite DTC e saranno riscattate secondo le procedure DTC, con i pagamenti gestiti da Computershare Trust Company.
PNC Financial Services Group (NYSE: PNC) anunció el rescate de todas las acciones de depósito en circulación que representan intereses en las Acciones Preferentes de Serie R, programado para el 2 de diciembre de 2024. El rescate involucra 500.000 acciones de depósito a un precio de $1,000 por acción, sumando un total de 500 millones de dólares. El precio de rescate no incluye el dividendo trimestral regular, que se pagará por separado a los tenedores registrados en la misma fecha. Las acciones se mantienen a través del DTC y serán rescatadas de acuerdo con los procedimientos del DTC, con los pagos manejados por Computershare Trust Company.
PNC 금융 서비스 그룹 (NYSE: PNC)는 2024년 12월 2일로 예정된 R 시리즈 우선주에 대한 모든 미발행 예탁주식의 상환을 발표했습니다. 이 상환은 500,000 예탁주식을 주당 $1,000의 가격으로 상환하며, 총액은 5억 달러입니다. 상환 가격은 정기 분기 배당금을 제외하며, 이는 동일한 날짜에 등록된 주주에게 별도로 지급됩니다. 주식은 DTC를 통해 보유되며, DTC 절차에 따라 상환되고 지급은 Computershare Trust Company에서 처리됩니다.
PNC Financial Services Group (NYSE: PNC) a annoncé le remboursement de toutes les actions de dépôt en circulation représentant des intérêts dans les actions privilégiées de série R, prévu pour le 2 décembre 2024. Le remboursement concerne 500 000 actions de dépôt à un prix de $1 000 par action, soit un total de 500 millions de dollars. Le prix de remboursement exclut le dividende trimestriel régulier, qui sera payé séparément aux détenteurs enregistrés à la même date. Les actions sont détenues par le biais de DTC et seront remboursées conformément aux procédures DTC, les paiements étant gérés par Computershare Trust Company.
PNC Financial Services Group (NYSE: PNC) gab die Rückzahlung aller ausstehenden Depotanteile bekannt, die Interessen an den Vorzugsaktien der Serie R darstellen, die für den 2. Dezember 2024 geplant ist. Die Rückzahlung umfasst 500.000 Depotanteile zu einem Preis von $1.000 pro Anteil, insgesamt also 500 Millionen Dollar. Der Rückzahlungsbetrag schließt die reguläre vierteljährliche Dividende aus, die separat an die am selben Tag registrierten Inhaber gezahlt wird. Die Anteile werden über DTC gehalten und werden gemäß den DTC-Verfahren zurückgezahlt, wobei die Zahlungen von der Computershare Trust Company abgewickelt werden.
- Strategic capital management through redemption of $500 million in preferred stock
- Reduction in capital base through $500 million preferred stock redemption
Insights
This redemption of
The Depositary Shares will be redeemed at a redemption price of
The Depositary Shares are held through the Depository Trust Company ("DTC") and will be redeemed in accordance with the procedures of DTC. Payment to DTC will be made by Computershare Trust Company, N.A., the Depositary, in accordance with the Deposit Agreement governing the Depositary Shares. The address for Computershare Trust Company, N.A. is P.O. Box 43078,
The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in
CONTACTS
MEDIA:
Kristen Pillitteri
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE The PNC Financial Services Group, Inc.
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