Northern Trust Announces Redemption of Series D Preferred Stock
Northern Trust announced the redemption of all outstanding Series D Non-Cumulative Perpetual Preferred Stock and corresponding depositary shares on October 1, 2026. The 500,000 depositary shares, each representing a 1/100th interest in a preferred share, will be redeemed at $1,000.00 per share excluding a separate dividend of $23.00 per share payable on the redemption date.
Key figures
- Assets under custody
- $20.0 trillion
- Assets under management
- $2.0 trillion
- Preferred shares redeemed
- 5000
- Depositary shares redeemed
- 500000
- Redemption price per depositary share
- 1000
- Redemption dividend per depositary share
- 23
AI analysis
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