Banking Risk Management

Huntington Announces Redemption Of All Depositary Shares Representing Interests In Series D Preferred Stock

Huntington Announces Redemption Of All Depositary Shares Representing Interests In Series D Preferred Stock

Huntington Bancshares Incorporated announced the redemption on July 15, 2021 of all 24,000,000 outstanding depositary shares, each representing a 1/40th interest in a share of Huntington’s 6.250% Series D Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share.

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The depositary shares will be redeemed at a redemption price of $25.00 per depositary share (equivalent to $1,000 per share of Series D Preferred Stock) plus declared and unpaid dividends of $0.390625 per depositary share (equivalent to $15.625 per share of Series D Preferred Stock) for the period beginning on April 15, 2021 to, but not including, July 15, 2021.  On and after the redemption date, all dividends on the shares of Series D Preferred Stock will cease to accrue.  The depositary shares are held through the Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC.

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Huntington Bancshares Incorporated is a $175 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,100 branches in 12 states, with certain businesses operating in extended geographies.

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