Huntington to redeem all $100 million series C preferred stock

By Mary-Katherine Stinson

Lexington, Ky., Sept. 13 – Huntington Bancshares Inc. has announced a redemption of all 4 million outstanding depository shares of its 5.875% series C non-cumulative perpetual preferred stock, according to a company press release.

The depository shares will be redeemed at par of $25.00, plus unpaid dividends of $0.36725 per depository share (equivalent to $14.69 per share of series C preferred stock).

The shares will be redeemed Oct. 15.

Huntington is a Columbus, Ohio-based bank holding company.

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