Northern Trust to Redeem Series D Preferred Stock on October 1
Filed with the SEC on · Summarized by InvestorsBot
Northern Trust will redeem all 5,000 outstanding Series D preferred shares and 500,000 related depositary shares on October 1, 2026, at $1,000 per depositary share, for an aggregate redemption payment of $500 million. Holders of record as of September 15 will also receive the previously declared $23 quarterly dividend per depositary share; no further dividends will be payable after the redemption date.