State Street Corporation Issues New Depositary Shares

Details

The company expects to receive net proceeds of approximately $495.7 million after deducting underwriting discounts and estimated offering expenses. The issuance was made pursuant to a registration statement on Form S-3 and a related prospectus supplement filed with the SEC. The Depositary Shares were created pursuant to the filing of Articles of Amendment on August 6, 2026, and the sale was made under an underwriting agreement dated August 5, 2026. A Deposit Agreement was also entered into on August 12, 2026, with Equiniti Trust Company, LLC as the depositary. An opinion regarding the legality of the Depositary Shares was issued by Wilmer Cutler Pickering Hale and Dorr LLP on the same day.

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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.