State Street Corp
State Street Corporation Announces Issuance of New Depositary Shares
Summary
On February 6, 2025, State Street Corporation issued and sold 750,000 depositary shares, each representing a 1/100th ownership interest in a share of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K. The issuance was made in a public offering pursuant to a registration statement on Form S-3 and a related prospectus supplement. State Street expects to receive net proceeds of approximately $743.1 million from the offering, after deducting underwriting discounts and estimated offering expenses. The Deposit Agreement, Underwriting Agreement, Articles of Amendment, and form of certificate evidencing the Series K Preferred Stock have been filed as exhibits to this report.
Profitelligence Alerts
Get alerts for STT
Be first to know when State Street Corp files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
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
Advertisement