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First Horizon Corp | 6.50% Dep Shares Non-Cumulative Prfd Stock, Series E (FHN.PRE)
Prospectus excerpt: Each of the 6,000,000 depositary shares offered hereby represents a 1/4,000th ownership interest in a share of Non-Cumulative Perpetual Preferred Stock, Series E (the “Series E Preferred Stock”), $100,000 liquidation preference per share (equivalent to $25 per depositary share), of First Horizon National Corporation, deposited with Equiniti Trust Company, as depositary. The depositary shares are evidenced by depositary receipts. As a holder of depositary shares, you are entitled to all proportional rights and preferences of the Series E Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through the depositary. Holders of Series E Preferred Stock will be entitled to receive dividend payments only when, as and if declared by our board of directors and to the extent that we have legally available funds to pay dividends. Any such dividends will be payable from the date of original issue, in arrears on each January 10, April 10, July 10 and October 10, commencing October 10, 2020, at a rate per annum equal to 6.500%. Payment of dividends on the Series E Preferred Stock is subject to certain legal, regulatory and other restrictions as described elsewhere in this prospectus supplement. Full Prospectus PDF », Secondary Prospectus PDF », FHN Page »
Series: | E | Alternate symbology: | FHN-E, FHN-PE, FHNprE | Redeemable?: | Yes | Call Date: | 10/10/2025 | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 6,000,000 | Overallotment: | 900,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $23.74 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-1.26 (-5.04%) | Annualized Dividend: | 1.625 | Recent Ex-Date: | 6/25/2024 | Current Yield: | 6.84% | Original Coupon: | 6.50% | Pay Period: | Quarterly | Pay Dates: | 10-Jan, 10-Apr, 10-Jul, 10-Oct | CDx3 Compliance Rating: |
Learn FHN.PRE's Rating
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First Horizon is a bank holding company. Through its principal subsidiary, First Horizon Bank (the Bank), Co. provides regional banking, mortgage lending, title insurance, specialized commercial lending, commercial leasing and equipment financing, brokerage, wealth management, capital markets, and other financial services to commercial, consumer, and governmental clients throughout the U.S. Co.'s operating segments are: Regional Banking, which provides financial products and services, including conventional lending and deposit taking; and Specialty Banking, which consists of lines of business that deliver product offerings and services with specialized industry knowledge. Preferreds: FHN.PRA, FHN.PRB, FHN.PRC, FHN.PRD, FHN.PRE, FHN.PRF Open the FHN Information Page »
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Name: |
First Horizon Corp |
Website: |
www.firsthorizon.com |
Sector: |
Banking & Savings |
Number of ETFs Holding FHN: |
64 (see which ones) |
Total Market Value Held by ETFs: |
$1,709,368,958.92 |
Total Market Capitalization: |
$8,343,000,000 |
% of Market Cap. Held by ETFs: |
20.49% |
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