TriState Capital Declares Quarterly Dividends on Perpetual Preferred Stock

Rhea-AI Summary

The Board of Directors of TriState Capital Holdings has declared quarterly dividends on its non-cumulative perpetual preferred stock. A dividend of $0.421875 per share for Series A (TSCAP) and $0.3984375 for Series B (TSCBP) is payable on July 1, 2022, to record holders as of June 15, 2022. Additionally, holders will receive 11 shares of Series C preferred stock and $89,687.50 in cash on the same date. The company reported $13.60 billion in assets as of March 31, 2022.

Positive

• Quarterly dividend of $0.421875 for Series A, signaling strong shareholder returns.
• Quarterly dividend of $0.3984375 for Series B, reflecting consistent income for investors.
• Additional cash payment of $89,687.50 alongside Series C shares enhances overall shareholder value.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of TriState Capital Holdings, Inc. (Nasdaq: TSC) declared quarterly dividends on the company’s outstanding non-cumulative perpetual preferred stock.

A dividend of $0.421875 per depositary share of Series A Non-Cumulative Perpetual Preferred Stock (Nasdaq: TSCAP) is payable on July 1, 2022 to holders of record as of June 15, 2022.

A dividend of $0.3984375 per depositary share of Series B Non-Cumulative Perpetual Preferred Stock (Nasdaq: TSCBP) is payable on July 1, 2022 to holders of record as of June 15, 2022.

A dividend of 11 shares of Series C Non-Cumulative Perpetual Preferred Stock and cash in the amount of $89,687.50 is payable on July 1, 2022 to holders of record as of June 15, 2022.

ABOUT TRISTATE CAPITAL
TriState Capital Holdings, Inc. (Nasdaq: TSC) is a bank holding company headquartered in Pittsburgh, Pa., providing commercial banking, private banking and investment management services to middle-market companies, institutional clients and high-net-worth individuals. Its TriState Capital Bank subsidiary had $13.60 billion in assets as of March 31, 2022, and serves middle-market commercial customers through regional representative offices in Pittsburgh, Philadelphia, Cleveland, Edison, N.J., and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. Its Chartwell Investment Partners subsidiary had $11.23 billion in assets under management as of March 31, 2022, and serves institutional clients and TriState Capital’s financial intermediary network. For more information, please visit http://investors.tristatecapitalbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220504006150/en/

MEDIA

Jack Horner

Hornercom

412-600-2295 (mobile)

jack@hornercom.com

INVESTOR

Jeff Schoenborn and Kate Croft

Lambert

888-609-8351

TSC@lambert.com

Source: TriState Capital Holdings, Inc.

FAQ

What is the dividend amount for Series A preferred stock (TSCAP)?

The dividend for Series A preferred stock is $0.421875 per share.

When will the dividends for TSCAP and TSCBP be paid?

The dividends will be paid on July 1, 2022.

What is the record date for the dividends on TSCAP and TSCBP?

The record date for the dividends is June 15, 2022.

What additional benefits do shareholders receive on July 1, 2022?

Shareholders will receive 11 shares of Series C preferred stock and $89,687.50 in cash.

What is the total asset value of TriState Capital as of March 31, 2022?

TriState Capital reported total assets of $13.60 billion as of March 31, 2022.