TriState Capital Declares Quarterly Dividends on Perpetual Preferred Stock

Rhea-AI Summary

The Board of Directors of TriState Capital Holdings declared quarterly dividends on its non-cumulative perpetual preferred stock. Shareholders will receive a dividend of $0.421875 per share for Series A (TSCAP) and $0.3984375 for Series B (TSCBP), payable on January 1, 2022, to holders on record as of December 15, 2021. Additionally, holders of Series C will receive 11 shares and $52,562.50 in cash on the same date. As of September 30, 2021, TriState Capital Bank reported $12.07 billion in assets.

Positive

• Quarterly dividends declared for Series A (TSCAP) at $0.421875 and Series B (TSCBP) at $0.3984375, indicating financial stability.
• Total of $52,562.50 and 11 Series C shares distributed to shareholders, showcasing commitment to returning 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 January 1, 2022 to holders of record as of December 15, 2021.

A dividend of $0.3984375 per depositary share of Series B Non-Cumulative Perpetual Preferred Stock (Nasdaq: TSCBP) is payable on January 1, 2022 to holders of record as of December 15, 2021.

A dividend of 11 shares of Series C Non-Cumulative Perpetual Preferred Stock and cash in the amount of $52,562.50 is payable on January 1, 2022 to holders of record as of December 15, 2021.

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 $12.07 billion in assets as of September 30, 2021, 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 $11.45 billion in assets under management as of September 30, 2021, 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/20211101005972/en/

MEDIA CONTACT

Jack Horner

Hornercom

267-932-8760, ext. 302

412-600-2295 (mobile)

jack@hornercom.com

INVESTOR CONTACTS

Jeff Schoenborn and Kate Croft

Lambert

888-609-8351

TSC@lambert.com

Source: TriState Capital Holdings, Inc.

FAQ

What is the dividend amount for TriState Capital's Series A preferred stock (TSCAP)?

The dividend for Series A Non-Cumulative Perpetual Preferred Stock (TSCAP) is $0.421875 per share.

When is the dividend for Series B preferred stock (TSCBP) payable?

The dividend for Series B Non-Cumulative Perpetual Preferred Stock (TSCBP) is payable on January 1, 2022.

What dividend will holders of Series C preferred stock receive?

Holders of Series C preferred stock will receive 11 shares and $52,562.50 in cash on January 1, 2022.

What is the significance of the dividend declarations for TSC shareholders?

The declared dividends indicate the company's financial stability and commitment to returning value to shareholders.