Valley National Bancorp 6.25% Fixed to Floating Rate Non Cumulative Perpetual Preferred Stock Series A
By: Tim McPartland,
Date Issued 6-16-2015
Shares Issued 4,600,000 Overallotment Shares None
S&P Rating BB+ Moodys Rating NR
Security Ticker Symbol VLY-A OTC Temporary Ticker VLNBP
Market Traded ON NYSE
Dividend Payment Paid on the 30th of March, June, September and December beginning on 09/30/2015
Quarterly Dividend .391 Annual Dividend 1.5625
From 6/30/2025 until the redemption date the dividend rate will be at a floating rate of 3.85% plus 3 month libor.
Securities may be redeemed, at the issuers option, as early as 06/30/2025 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for Valley National Bancorp
Below you can find the offering Prospectus and Final Pricing Document
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