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Buy (3.11 out of 4)
44th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, November 28, 4:47 PM
Slide #28. Wintrust Financial Corporation — Preferred Stock Offering
| Company: |
Wintrust Financial Corporation (NASDAQ:WTFC) |
| Date announced: |
5/6/2020 |
| Shares Offered: |
10,000,000 |
| Date of Pricing: |
5/6/2020 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) today announced that it has priced an underwritten public offering of 10 million depositary shares with a liquidation preference of $25.00 per share (the "Depositary Shares") for gross proceeds of $250 million before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/1,000th interest in a share of Wintrust's 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E. In connection with the offering, Wintrust has granted the underwriters a 30-day option to purchase up to 1.5 million additional Depositary Shares. The offering is expected to close on May 15, 2020, subject to customary closing conditions. |
Wintrust Financial is a financial holding company.Through its community banking segment, Co.'s banking subsidiaries provide community-oriented, personal and commercial banking services. 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. Through its wealth management segment, Co. provides a range of wealth management services including trust and investment services, tax-deferred like-kind exchange services, asset management, securities brokerage services and 401(k) and retirement plan services.
 Open the WTFC Page at Preferred Stock Channel »
| Name: |
Wintrust Financial Corp (IL) |
| Website: |
www.wintrust.com |
| Sector: |
Banking & Savings |
| Number of ETFs Holding WTFC: |
63 (see which ones) |
| Total Market Value Held by ETFs: |
$517,459,856 |
| Total Market Capitalization: |
$3,383,000,000 |
| % of Market Cap. Held by ETFs: |
15.30% |
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Open the WTFC Page at Preferred Stock Channel (in a new window) »
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