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Published on 1/12/2024 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

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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