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F.N.B. declares redemption on series E perpetual preferred stock
Chicago, Jan. 12 – F.N.B. Corp. declared the redemption of all $110 million aggregate liquidation preference of the depositary shares representing interest in its 7.25% series E fixed-rate to floating-rate non-cumulative perpetual preferred stock, according to a press release.
The redemption date is Feb. 15.
The redemption price will be $25.00 per share, with the quarterly cash dividend of $0.45325 per depositary share.
Bank of New York Mellon is the depositary.
Questions regarding the redemption should be directed to Elizabeth Modero (212 298-1372).
The financial services company is based in Pittsburgh.
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