State Street Corp
State Street Corporation Announces Issuance of Series I Preferred Stock
Summary
On January 31, 2024, State Street Corporation issued and sold 1,500,000 depositary shares of its Series I Preferred Stock in a public offering, expecting to receive net proceeds of approximately $1.481 billion. The issuance was made pursuant to an underwriting agreement and a deposit agreement, both of which are filed as exhibits to this report.
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Exhibits (2)
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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.
Official SEC Documents
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