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Form 8-K · Current Report · Filed 2024-08-09

State Street Announces Redemption of Series H Preferred Stock

On August 9, 2024, State Street Corporation announced the redemption of all 5,000 shares of its non-cumulative perpetual preferred stock, Series H, on September 16, 2024, for $100,000 per share plus any unpaid dividends declared before the redemption date.

Filer
State Street Corp STT · NYSE
Filed
Accession
0000093751-24-000669
CIK
0000093751
Signal
Medium impactFinancial Services

Details

The cash dividend announced on July 18, 2024, will not be included in the redemption price.

Items reported

Item 8.01

Other Events

Convertible Notes Offering

Market reaction

Close before filing

$77.75

Next session

-0.3%

Since filing

+136.9%

Latest close

$184.16

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from STT reporting the same item, with the next session's move:

About State Street Corp

State Street Corporation is a prominent financial services and bank holding company. It plays a crucial role in the global financial infrastructure by offering services such as investment management, investment research, and investment servicing. Known for its extensive custody services, State Street holds the assets of various institutional investors, ensuring they are safeguarded and efficiently managed. Additionally, it provides comprehensive investment management solutions, encompassing strategy, research, and advisory services to a diverse client base including asset owners and asset managers. The corporation's influence spans across sectors such as mutual funds, retirement plans, insurance, and sovereign wealth funds. Headquartered in Boston, Massachusetts, State Street Corporation has established itself as a pivotal partner in both domestic and international markets, contributing to the stability and efficiency of the financial ecosystem globally. Besides its custodial dominance, the company is also recognized for its technological advancements in asset servicing, supporting clients with innovative tools and data solutions to optimize investment outcomes.

Exchange NYSE Industry Asset Management Company website ↗

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