PNC Financial redeems $525 million of depositary shares tied to preferred stock on Nov. 2

Bitget2026/09/29 12:08

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PNC will redeem all 525,000 depositary shares tied to its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S.
Redemption set for Nov. 2, 2026, shifted from Nov. 1 due to a non-business day.
Holders will receive USD 1,000 per depositary share, totaling USD 525 million.
Redemption price excludes declared but unpaid dividends; any declared semiannual dividend will be paid on the redemption date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The PNC Financial Services Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609290803PR_NEWS_USPR_____NE58601) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PNC Financial redeems $525 million of depositary shares tied to preferred stock on Nov. 2

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