People’s United Financial Inc. 5.625% Fixed-to-Floating Non Cumulative Perpetual Preferred Stock Series A
By: Tim McPartland,
Date Issued 10/24/2016
Shares Issued 10,000,000 Overallotment Shares None
S&P Rating BB+ Moodys Rating Ba1
Security Ticker Symbol PBCTP OTC Grey Market Ticker PPLUP
Market Traded ON NASDAQ
Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2016
Quarterly Dividend .352 Annual Dividend 1.406
Dividend rate is fixes at 5.625% until 12/14/2026. After this date the dividend rate will float at a rate of 3 month libor plus 4.02%
Securities may be redeemed, at the issuers option, as early as 12/15/2026 the call price is $25 plus accrued dividends
Dividend Payment will be Qualified Distributions
Maturity Date None
Company Investor Relations Page for People’s United Financial Inc.
Click here for the offering Prospectus and/or Final Pricing Document
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