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Zions Bancorporation, N.A. | 9.50% Series C Non-Cumulative Perpetual Preferred Stock (ZB.PRC)
This preferred is marked as having been called.
Prospectus excerpt: Zions Bancorporation is offering 1,877,971 depositary shares each representing a 1/40th ownership interest in a share of Series C Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share) (the ÙSeries C Preferred Stockˆ). The depositary shares are represented by depositary receipts. As a holder of depositary shares, you will be entitled to all proportional rights and preferences of the Series C Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through the depositary. The maximum number of depositary shares we expect to sell through the auction or otherwise is 6,000,000. Dividends on the Series C Preferred Stock will be payable quarterly in arrears when, as, and if declared by our board of directors or a duly authorized committee of the board, out of funds legally available for the payment of dividends, at a fixed rate per annum equal to 9.50%. The dividend payment dates will be the 15th day of March, June, September and December, commencing on September 15, 2008, or the next succeeding business day if any such date is not a business day. Dividends on the Series C Preferred Stock will be non-cumulative. If our board of directors or a duly authorized committee of the board does not declare a dividend on the Series C Preferred Stock for any dividend period, such dividend will not accrue or be payable, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Series C Preferred Stock are declared for any future dividend period. The Series C Preferred Stock is not redeemable prior to September 15, 2013. The Series C Preferred Stock will not have any voting rights, except as set forth under ÙDescription of Series C Preferred Stock?Voting Rightsˆ on page S-18. Full Prospectus PDF », Secondary Prospectus PDF », ZION Page »
Series: | C | Alternate symbology: | ZB-C, ZB-PC, ZBprC | Redeemable?: | Yes | Call Date: | 9/15/2013 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 1,877,971 | Liquidation Preference: | $25.00 | Original Coupon: | 9.50% | Pay Period: | Quarterly | Pay Dates: | 15-Mar, 15-Jun, 15-Sep, 15-Dec | CDx3 Compliance Rating: |
Learn ZB.PRC's Rating
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Zions provides a range of banking products and related services. Some of the products and services Co. provides include: commercial business banking, which includes municipal and public finance services, merchant and payment processing services, corporate cards, capital markets, syndication, and foreign exchange services, and term real estate lending; retail banking, which includes residential mortgages, home equity lines of credit, personal lines of credit and installment consumer loans, depository account services, consumer cards, and personal trust services; and wealth management and private client banking, which provides various wealth management solutions to customers. Preferreds: ZB.PRB, ZIONP, ZB.PRC, ZB.PRF, ZIONO, ZIONN Open the ZION Information Page »
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