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Heartland Financial USA files automatic mixed shelf

Heartland Financial USA Inc. filed an automatic shelf registration statement for the sale of an unspecified amount of various securities from time to time.

The filing covers debt securities, subordinated notes, common stock, preferred stock, warrants, rights and units.

The Dubuque, Iowa-based company will use the net proceeds from the sale of the securities for general corporate purposes, which may include working capital, capital expenditures, stock repurchases, debt repayment or the financing of possible acquisitions.

Additionally, Heartland Financial filed an automatic registration statement for the sale of 500,000 treasury or authorized but unissued shares of its common stock under a dividend reinvestment and stock purchase plan. The filing also covers any additional shares that may be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.

Under the plan, Heartland Financial's common shareholders may increase their holdings in the company by having their cash dividends automatically reinvested in shares of common stock. They may also purchase additional shares by making cash payments of not less than $500 or more than $50,000 per quarter.

The proposed maximum offering price per share is $44.84, estimated solely to calculate the registration fee based on the average of the high and low sales prices for the common shares on Aug. 5, as reported on the Nasdaq Global Select Market.

Heartland Financial will not receive any proceeds from the plan on purchases made on the open market or in privately negotiated transactions. Net proceeds to the company from the sale of treasury or authorized but unissued shares of common stock to the plan will be used for general corporate purposes, including investments in or advances to its subsidiaries.