First Horizon Corporation to Redeem Series B Preferred Stock This August
On July 2, 2025, First Horizon Corporation (NYSE: FHN) made an important announcement regarding its financial instruments. The company declared that it intends to redeem all outstanding shares of its Series B Preferred Stock as of August 1, 2025, marking a significant step in the company’s investment strategy.
Redemption Details
The redemption will involve all shares of the 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, along with corresponding depositary shares. Specifically, these depositary shares each represent an interest in a share of the Series B Preferred Stock. After the specified redemption date, no shares of either the Series B Preferred Stock or the Series B Deposit Shares will remain outstanding.
The set price for the redemption has been established at $25.00 for each depositary share. This corresponds to a total of $10,000 for each share of Series B Preferred Stock. Notably, accrued dividends will not factor into this price, as the redemption date coincides with a scheduled dividend payment date. Instead, the semi-annual dividend for Series B, which was announced in April, will be distributed separately to shareholders of record by the close of business on July 17, 2025.
Contact Information
Investors seeking further enlightenment regarding the redemption process can reach out to the assigned redemption agent, Equiniti Trust Company LLC. Their office is located at 1110 Centre Pointe Curve, Suite 101, Mendota Heights, Minnesota 55120, and they can be contacted via telephone at 1-800-468-9716 or 1-651-450-4064. For investors who hold depositary shares through third-party brokers or banks, it is advisable to consult these institutions directly for more information.
About First Horizon Corporation
First Horizon Corporation is a regional financial services organization. As of March 31, 2025, the company reported an impressive asset total of $81.5 billion. Headquartered in Memphis, Tennessee, First Horizon operates its banking subsidiary across 12 states in the southern United States. The company is dedicated to providing a robust range of financial services that includes commercial banking, private banking, wealth management, and retail brokerage, among others.
In addition to its financial capabilities, First Horizon has received accolades for its corporate culture and employer reputation. According to reputable sources like Fortune and Forbes, it has been recognized as one of the nation’s best employers, underscoring the company's commitment to its employees and the communities they serve. With a mission focused on helping clients and associates unlock their fullest potential, First Horizon is not only a leading banking institution but also a trusted partner in financial advisory services.
For those interested in learning more, First Horizon Corporation maintains an informative online presence at www.FirstHorizon.com, where potential clients and partners can explore the variety of services offered by this established financial institution.
Redemption Details
The redemption will involve all shares of the 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, along with corresponding depositary shares. Specifically, these depositary shares each represent an interest in a share of the Series B Preferred Stock. After the specified redemption date, no shares of either the Series B Preferred Stock or the Series B Deposit Shares will remain outstanding.
The set price for the redemption has been established at $25.00 for each depositary share. This corresponds to a total of $10,000 for each share of Series B Preferred Stock. Notably, accrued dividends will not factor into this price, as the redemption date coincides with a scheduled dividend payment date. Instead, the semi-annual dividend for Series B, which was announced in April, will be distributed separately to shareholders of record by the close of business on July 17, 2025.
Contact Information
Investors seeking further enlightenment regarding the redemption process can reach out to the assigned redemption agent, Equiniti Trust Company LLC. Their office is located at 1110 Centre Pointe Curve, Suite 101, Mendota Heights, Minnesota 55120, and they can be contacted via telephone at 1-800-468-9716 or 1-651-450-4064. For investors who hold depositary shares through third-party brokers or banks, it is advisable to consult these institutions directly for more information.
About First Horizon Corporation
First Horizon Corporation is a regional financial services organization. As of March 31, 2025, the company reported an impressive asset total of $81.5 billion. Headquartered in Memphis, Tennessee, First Horizon operates its banking subsidiary across 12 states in the southern United States. The company is dedicated to providing a robust range of financial services that includes commercial banking, private banking, wealth management, and retail brokerage, among others.
In addition to its financial capabilities, First Horizon has received accolades for its corporate culture and employer reputation. According to reputable sources like Fortune and Forbes, it has been recognized as one of the nation’s best employers, underscoring the company's commitment to its employees and the communities they serve. With a mission focused on helping clients and associates unlock their fullest potential, First Horizon is not only a leading banking institution but also a trusted partner in financial advisory services.
For those interested in learning more, First Horizon Corporation maintains an informative online presence at www.FirstHorizon.com, where potential clients and partners can explore the variety of services offered by this established financial institution.
Topics Financial Services & Investing）
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