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Prospect News home > News index > List of issuers T > Headlines for Truist Bank > News item
Published on 2/26/2021 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

SunTrust to redeem 1,000 outstanding shares of series B preferreds

By Taylor Fox

New York, Feb. 26 – SunTrust Real Estate Investment Corp., an indirect subsidiary of Truist Bank plans to redeem its 1,000 outstanding shares of series B non-cumulative exchangeable preferred stock (Cusip: 86788X203), according to a news release.

The shares will be redeemed March 31 at $100,000 per share.

Regular dividends on the outstanding shares, for the full current semiannual dividend period, will be paid separately on March 31 to holders of record on the March 15 record date.

SunTrust is a real estate company based in Atlanta.


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