The Charles Schwab Corporation announced on May 13, 2025, its plan to redeem all 24,580 outstanding shares of its 5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G. The corresponding 2,457,964 depositary shares will also be redeemed.
The redemption is scheduled for June 1, 2025, at a price of $1,000 per depositary share. This price does not include the regular quarterly dividend, which will be paid separately on June 2, 2025.
This action will reduce the company's higher-cost funding liabilities and optimize its capital structure, reflecting a strategic move to manage its balance sheet efficiently.
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