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State Street to redeem perpetual preferreds, capital securities on Oct. 4
By Tali David
Minneapolis, Sept. 5 - State Street Corp. plans to redeem all outstanding shares of State Street Capital Trust III's series A non-cumulative perpetual preferred stock, according to an 8-K filed with the Securities and Exchange Commission.
State Street said it will also redeem all of its outstanding 8.25% fixed-to-floating rate normal automatic preferred enhanced capital securities and all of the outstanding common securities.
The redemptions will take place on Oct. 4.
The company said the 5,001 series A shares will be redeemed at $100,000 per share plus any dividends.
U.S. Bank NA is the trustee.
State Street is a Boston-based bank holding company.
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