MEMPHIS,
Tenn., April 1, 2024 /PRNewswire/ --
First Horizon Corporation (NYSE: FHN) today announced that on
May 1, 2024 (the "Redemption Date"),
it will redeem all outstanding shares of its 6.10% Fixed to
Floating Non-Cumulative Perpetual Preferred Stock, Series D (the
"Series D Preferred Stock"), and all related outstanding depositary
shares, each representing a 1/400th interest in a share of the
Series D Preferred Stock ("the Series D Depositary Shares") (NYSE:
FHN PRD). After the redemptions, no shares of Series D Preferred
Stock, and no Series D Depositary Shares, will remain
outstanding.
The redemption price will be $25.00 per Series D Depository Share,
corresponding to $10,000 per share of
Series D Preferred Stock. Accrued dividends will not be included in
either redemption price because the Redemption Date is also a
dividend payment date. The regular Series D semi-annual
dividend, which was declared in January, will be paid separately in
the customary manner on May 1, 2024
to shareholders of record at the close of business on April 16, 2024.
Questions relating to the redemption should be directed to the
redemption agent, Equiniti Trust Company LLC, at 1110 Centre Pointe
Curve, Suite 101, Mendota Heights,
Minnesota 55120 or 1-800-468-9716. Shareholders owning
depositary shares through a broker, bank or other nominee may also
contact that party for information.
About First Horizon
First Horizon Corp. (NYSE:
FHN), with $81.7 billion in assets as
of December 31, 2023, is a leading
regional financial services company, dedicated to helping our
clients, communities and associates unlock their full potential
with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First
Horizon Bank operates in 12 states across the southern U.S. The
Company and its subsidiaries offer commercial, private banking,
consumer, small business, wealth and trust management, retail
brokerage, capital markets, fixed income, and mortgage banking
services. First Horizon has been recognized as one of the nation's
best employers by Fortune and Forbes magazines and a Top 10 Most Reputable
U.S. Bank. More information is available at
www.FirstHorizon.com.
FHN-G
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SOURCE First Horizon Corporation