Medallion Bank

24.95

+0.01980.08%

Volume:9.08K

Turnover:227.28K

Market Cap:- -

PE:- -

High:25.23

Open:25.08

Low:24.95

Close:24.93

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Medallion Financial Corporation Announces Redemption of Series F Preferred Stock at $25 Per Share

Reuters

·

30 May

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The FDIC-insured bank, known for offering consumer loans for recreational vehicles, boats, and home improvements, as well as loan origination services to fintech partners, will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, on July 1, 2025. The redemption price is set at $25.00 per share. As this date coincides with a dividend payment date, the redemption price does not include any declared and unpaid dividends, which will be paid separately. After the redemption date, the Series F Preferred Stock will no longer be outstanding, and dividends will cease to accrue. The redemption process will be managed through The Depository Trust Company, with Equiniti Trust Company, LLC serving as the transfer agent, registrar, and redemption agent. 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