Banc of California Inc. 7.375% Non Cumulative Perpetual Preferred Stock, Series D
By: Tim McPartland,
Date Issued 3/31/2015
Shares Issued 4,000,000 Overallotment Shares 600,000
S&P Rating NR Moodys Rating NR
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Security Ticker Symbol BANC-D OTC Temp Ticker BLBLP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 06/15/2015
Quarterly Dividend .461 Annual Dividend 1.84
Securities may be redeemed, at the issuers option, as early as 06/15/2020 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Banc of California
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Below you can find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
