PNC Financial Services Group announced it will redeem all 525,000 outstanding Depositary Shares of its Series S Preferred Stock on November 2, 2026, due to a non-business day shift. Each share will be redeemed at $1,000, excluding any unpaid dividends, which will be paid on the redemption date. This move affects $525 million worth of preferred shares held through the Depository Trust Company and managed by Computershare Trust Company. The redemption reflects PNC's ongoing capital management strategy and impacts investors holding these specific preferred shares.
PNC's announcement on redeeming its Series S Preferred Stock is presented here with Pluang's Financials-sector data as context. Of 85 priced US Financials stocks on Pluang, 49 rose and 30 fell today. Notably, Global Payments Inc (GPN) traded at USD 86.62 with a 2.27% increase and a typical hold time of 50 days, while American International Group Inc (AIG) was priced at USD 74.29 with a 2.07% gain and a longer hold time of 73 days. TeraWulf Inc (WULF) showed a smaller price of USD 15.37 and a 1.62% rise, with a shorter hold time of 16 days. This snapshot is as of Sep 29, 2026 17:41 WIB.
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