First Horizon to Redeem 6.600% Series C Preferred at $10,000 on May 1
First Horizon will redeem all outstanding 6.600% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C and corresponding depositary shares on May 1, 2026. Each depositary share will be redeemed at $25.00 (equivalent to $10,000 per preferred share), with the regular quarterly dividend paid separately.
1. Redemption Overview
First Horizon will redeem all outstanding Series C Preferred Stock and related depositary shares on May 1, 2026, eliminating the 6.600% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C from its capital structure.
2. Financial Terms
The redemption price is $25.00 per depositary share and $10,000 per preferred share, with accrued dividends excluded because the redemption date coincides with the dividend payment date. The regular quarterly dividend declared in January will be paid separately on May 1, 2026, to shareholders of record on April 16, 2026.
3. Shareholder Actions
Holders of depositary shares can direct redemption questions to Equiniti Trust Company LLC or their broker, bank or nominee for information on payment procedures and record requirements.