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Old National Bancorp (Evansville, IN) | 7.00% Dep Shares Non-Cumul Preferred Stock Ser A (ONBPP)
Prospectus excerpt: We are offering 4,000,000 of our depositary shares (the "depositary shares"), each representing a 1/40th ownership interest in a share of our fixed rate non-cumulative perpetual preferred stock, series A, without par value (the "Preferred Stock"), with a liquidation preference of $1,000 per share of Preferred Stock (equivalent to $25 per depositary share). As a holder of the depositary shares, you will be entitled to all proportional rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise any such rights through the depositary. Holders of Preferred Stock will be entitled to receive, only when, as and if declared by our Board of Directors, or a duly authorized committee thereof, and to the extent we have funds legally available for the payment of dividends, cash dividends at a rate equal to 7.000% per annum. When, as and if declared by our Board of Directors, or a duly authorized committee thereof, dividends will be payable from the date of issuance, quarterly in arrears, on February 20, May 20, August 20 and November 20 of each year, beginning on August 20, 2020 (each a "dividend payment date"). Upon payment of any dividends on the Preferred Stock, the depositary will distribute to holders of depositary shares a proportionate payment. Full Prospectus PDF », Secondary Prospectus PDF », ONB Page »
Series: | A | Redeemable?: | Yes | Call Date: | 8/20/2025 | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 4,000,000 | Overallotment: | 600,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $25.10 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $0.10 (0.40%) | Annualized Dividend: | 1.75 | Recent Ex-Date: | 5/2/2024 | Current Yield: | 6.97% | Original Coupon: | 7.00% | Pay Period: | Quarterly | Pay Dates: | 20-Feb, 20-May, 20-Aug, 20-Nov | CDx3 Compliance Rating: |
Learn ONBPP's Rating
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Old National Bancorp is a financial holding company. Through its banking subsidiary, Old National Bank, Co. provides a range of services, including commercial and consumer loan and depository services, and other banking services. Co. also provides services to supplement its banking business including fiduciary and wealth management services, investment and brokerage services, investment consulting, and other financial services. In addition, Co. provides wealth management, investment, and foreign currency services. For businesses, Co. provides treasury management, merchant, health savings, and capital markets services as well as community development lending and equity investment solutions. Preferreds: ONBPP, ONBPO Open the ONB Information Page »
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Name: |
Old National Bancorp (Evansville, IN) |
Website: |
www.oldnational.com |
Sector: |
Banking & Savings |
Number of ETFs Holding ONB: |
60 (see which ones) |
Total Market Value Held by ETFs: |
$1,045,363,558.14 |
Total Market Capitalization: |
$4,850,000,000 |
% of Market Cap. Held by ETFs: |
21.55% |
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