First Horizon Corporation Announces Full Redemption of Series C Preferred Stock Shares

First Horizon Corporation to Fully Redeem Series C Preferred Stock

First Horizon Corporation (NYSE: FHN) has recently announced a strategic financial decision concerning its Series C Preferred Stock holdings. Effective on May 1, 2026, the company will proceed with the redemption of all outstanding shares of its 6.600% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C, along with all corresponding depositary shares. Each depositary share represents a 1/400th interest in a share of the Series C Preferred Stock. This announcement, made on April 1, 2026, indicates a pivotal moment for the corporation as it moves towards repositioning its capital structure.

The redemption price is set at $25.00 per Series C Depositary Share, which corresponds to a total of $10,000 per share of Series C Preferred Stock. Importantly, accrued dividends will not be part of the redemption price, as the Redemption Date coincides with a scheduled dividend payment date. Shareholders can expect to receive the quarterly dividend that was declared in January 2026 separately on May 1, 2026. The dividend will be paid to shareholders who are on record at the close of business on April 16, 2026.

Should any questions arise regarding the redemption process, shareholders are encouraged to reach out to the redemption agent, Equiniti Trust Company LLC. The firm is located at 1110 Centre Pointe Curve, Suite 101, Mendota Heights, Minnesota 55120, and can also be contacted by phone at 1-877-536-3558. Shareholders possessing depositary shares through brokers, banks, or other nominees may inquire with their respective representatives for further information.

About First Horizon Corporation

Founded decades ago, First Horizon Corporation is a reputable regional financial services firm that boasts approximately $83.9 billion in assets as of December 31, 2025. Headquartered in Memphis, Tennessee, First Horizon is committed to providing exceptional service across several domains, including commercial banking, consumer banking, small business services, and wealth and trust management. The institution operates across 12 states, primarily in the southern U.S., and has been recognized on multiple occasions as one of the top employers in the nation by both Fortune and Forbes magazines.

Through its banking subsidiary, First Horizon Bank, the corporation offers a wide spectrum of services, including retail brokerage, capital markets, fixed income, and mortgage banking services, aimed at helping clients unlock their full potential. In recent years, First Horizon has also received accolades for its commitment to effective employee training, making it a competitive player in the financial sector. For more information about their operations and updates, visit their official website at www.FirstHorizon.com.

This announcement reflects First Horizon Corporation's ongoing dedication to transparency and financial management within the banking and investment community. As the company moves forward, the decisions made now may pave the way for future growth and expansion efforts within the financial landscape.