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Truist announces redemption of 4.950% Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock
Truist Financial Corporation (the "Company") announced today that it has decided to call all of the outstanding Series P Depositary Shares related to its outstanding 4.950% Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP #89832QAE9) (the "Series P Depositary Shares") for redemption on November 13, 2025 (the "Redemption Date"). The redemption price will be US$1,000.00 per Series P Depositary Share, plus declared and unpaid dividends up to but excluding the Redemption Dat
About this update from Truist Financial Corporation
[{"type":"text","content":"CHARLOTTE, N.C., Oct. 28, 2025 /PRNewswire/ -- Truist Financial Corporation (the "Company") announced today that it has decided to call all of the outstanding Series P Depositary Shares related to its outstanding 4.950% Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP #89832QAE9) (the "Series P Depositary Shares") for redemption on November 13, 2025 (the "Redemption Date"). The redemption price will be US$1,000.00 per Series P Depositary Share, plus declared and unpaid dividends up to but excluding the Redemption Date (the "Redemption Price"). On and after the Redemption Date, the Series P Depositary Shares so redeemed will no longer be deemed to be outstanding, dividends on such Series P Depositary Shares will cease to accumulate and all rights of the holders of such Series P Depositary Shares will cease, except for the right to receive the Redemption Price.","length":936,"tagName":"p"},{"type":"image","alt":"Truist logo (PRNewsfoto/Truist)","displaySize":"","headline":null,"caption":"Truist logo (PRNewsfoto/Truist)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/5a637301ca5e04ecab2c3a2267bce59f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ck79Mq.eCoKBZ3VJhb7Rvw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/5a637301ca5e04ecab2c3a2267bce59f","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/1075420/TruistWhiteLogo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Series P Depositary Shares will be redeemed from the Company's retained earnings.","length":89,"tagName":"p"},{"type":"text","content":"The notice of redemption specifying the terms and procedures for the redemption (the "Redemption Notice") has been mailed to holders of record of the Series P Depositary Shares today. Requests for additional copies of the Redemption Notice should be directed to Computershare Trust Company, N.A., as follows:","length":318,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"By mail: P.O. Box 43014, Providence, RI 02940-3014, Attention: Corporate Actions; or by overnight courier: 150 Royall Street, Canton, MA 02021, Attention: Corporate Actions; or by telep...