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Wintrust Financial Corp (IL) | 6.50% Fixed/Float Non-Cumul Perp Preferred Stk Ser D (WTFCM)
Prospectus excerpt: We are offering to sell 5,000,000 shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, with a liquidation preference of $25 per share, which we refer to as the Preferred Stock. Dividends on the Preferred Stock will be payable when, as and if declared by our board of directors or a duly authorized committee of the board and to the extent that we have lawfully available funds to pay dividends. Dividends will accrue and be payable quarterly, in arrears, (i) from and including the original issuance date to, but excluding, July 15, 2025, at a rate equal to 6.50% per annum, on January 15, April 15, July 15 and October 15 of each year, beginning on October 15, 2015, and (ii) from and including July 15, 2025, at a floating rate equal to three-month LIBOR (as defined herein) plus a spread of 4.06% per annum, on January 15, April 15, July 15 and October 15 of each year, beginning on October 15, 2025, except in each case where such day is not a business day. Full Prospectus PDF », Secondary Prospectus PDF », WTFC Page »
Series: | D | Redeemable?: | Yes | Call Date: | 7/15/2025 | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 5,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $23.82 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-1.18 (-4.72%) | Annualized Dividend: | 1.64 | Recent Ex-Date: | 3/28/2024 | Current Yield: | 6.89% | Original Coupon: | 6.50% until 7/15/2025, then distributions will be paid at a floating rate equal to three-month LIBOR plus a spread of 4.06% per annum | Pay Period: | Quarterly | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | CDx3 Compliance Rating: |
Learn WTFCM's Rating
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Wintrust Financial is a financial holding company. Co. conducts its businesses through three primary segments: community banking, specialty finance and wealth management. Through its community banking segment, Co.'s banking subsidiaries (collectively, the banks) provide community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area, southern Wisconsin and northwest Indiana (Co.'s market area). Through its specialty finance segment, Co. provides financing of insurance premiums for businesses and individuals; accounts receivable financing, out-sourced administrative services; and other finance businesses. Preferreds: WTFCM, WTFCP Open the WTFC Information Page »
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Name: |
Wintrust Financial Corp (IL) |
Website: |
www.wintrust.com |
Sector: |
Banking & Savings |
Number of ETFs Holding WTFC: |
66 (see which ones) |
Total Market Value Held by ETFs: |
$1,162,343,269.16 |
Total Market Capitalization: |
$6,155,000,000 |
% of Market Cap. Held by ETFs: |
18.88% |
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